6 May 2021
Manufacturers across Queensland are now able to apply for $15.5 million worth of grants, through the Made in Queensland (MIQ) program.
Currently the state’s manufacturing sector contributes $20 billion each year to its economy and provides jobs for more than 170,000 people.
Funding for round four of the MIQ program is now available and manufacturers can apply for grants between $50,000 and $2.5 million, with matched funding.
Regional manufacturers may be eligible to receive up to 75 per cent of their project funding for works to the value of $500,000. In the first three rounds of MIQ, 40 per cent of projects were based in regional areas.
Geofabrics, a geosynthetic material manufacturing business and corporate partner of Engineers Australia, received funding from the program in 2017. The company was able to improve its production lines to accommodate for the creation of a geosynthetic liner to prevent pollutants such as per-and polyfluoroalkyl substances (PFAS) escaping into the environment.
Minister for Regional Development, Manufacturing and Water Glenn Butcher said the program, now totalling $61.5 million, had been given a greater focus on transforming businesses and delivering jobs for regional manufacturers.
“In the first three rounds of Made in Queensland we’ve invested $46 million into our manufacturing sector, which is supporting 84 advanced manufacturing projects, generating over 1100 new jobs and underpinning $100 million in private sector investment,” he said.
“I want Queensland to be Australia’s premier manufacturing state.”
This funding boost is hoped to make Queensland manufacturers more competitive on the global stage by facilitating the adoption of innovative processes and technologies.
MIQ grants are open to small and medium sized manufacturers across Queensland. The initial application stage opened on 21 April 2021 and will close on 20 May 2021 at 5.00 pm AEST. The detailed application stage will open on 30 June 2021 and close on 8 September 2021 at 5.00 pm AEST.
Find out more about the program.