The Victorian government is supporting local manufacturers with the transition towards net zero, with a new grant program to purchase renewable energy products.
Minister for Jobs and Industry Natalie Hutchins today announced applications are open for the Made in Victoria – Energy Technologies Manufacturing program to support manufacturers to purchase or develop new equipment, skills, or technology enabling them to capitalise on renewable energy opportunities.
Grants of between $100,000 and $750,000 are available to businesses to increase capacity to manufacture components for zero emissions and renewable energy supply chains like wind, hydrogen and solar.
The program will help businesses become more competitive, increase exports, upskill staff and create high-skilled jobs, while strengthening the state’s supply chain resilience – backing Victoria’s path towards achieving net zero by 2045.
This initiative builds on the success of the Low Carbon Manufacturing Grants program, which has provided $1.8 million in funding to 19 businesses across the state in the past year.
Victoria’s $33 billion manufacturing sector is a driving force of the state’s economy and is made up of more than 24,000 businesses, supporting around 260,000 jobs and exporting $23.9 billion worth of goods.
“Victoria is the nation’s manufacturing capital and we’re backing local businesses to be global leaders in the production of renewable energy components,” Hutchins said.
To learn more about the Made in Victoria – Energy Technologies Manufacturing program, visit: business.vic.gov.au/etmp.