The $1.2 billion Clean Technology Program provides incentives for business to reduce emissions and invest in clean energy through the following three components.
- $800m Clean Technology Investment Program
- $200m Clean Technology Food and Foundries Investment Program
- $200m Clean Technology Innovation Program
The Clean Technology Investment Programs was launched today and will provide grants to help manufacturers buy new plant and equipment which cuts their energy costs or reduces carbon pollution.
An $800 million Clean Technology Investment Program and a $200 million Clean Technology Food and Foundries Investment Program have been launched as part of the Government’s Clean Energy Future package.
They will support jobs and provide incentives for manufacturers to become more efficient, more competitive and more sustainable.
Eligible manufacturers can apply for funding under the programs from today.
Manufacturers with turnovers of less than $100 million requesting funding under $500,000 will now only have to match the government grants on a dollar for dollar basis.
For all other grants under $10 million, applicants will be required to contribute $2 for every $1 from the Government.
For grants of $10 million or more, applicants will be expected to make a co-contribution of at least $3 for each $1 of Government support.
The Clean Technology Investment Programs demonstrate the Gillard Government’s commitment to Australian manufacturing.
Projects that can be supported include switching to less carbon intensive energy sources or installing new manufacturing equipment, processes and facilities to reduce energy consumption and carbon emissions.
Information sessions on the Clean Technology Programs will be held around Australia from next month.
For more information visit:
- $800m Clean Technology Investment Program (open)
- $200m Clean Technology Food and Foundries Investment Program (open)
- $200m Clean Technology Innovation Program (opens mid 2012)
To find out how Treadstone can help you with your grant applications call us on 03 9008 5937