New Grants

Round 3 of the Victorian Circular Economy Recycling Modernisation Fund is open. Each project can receive up to $500,000. This Federal and Victorian government joint funding initiative aims to boost Victoria’s recycling and remanufacturing of plastic, paper, cardboard, and tyres.

Deadlines and Timings

Closing date for this funding grant is on Tuesday, 27 September 2022, 11:59PM.

There will be an info session on Tuesday, 30 August 2022, 10-11AM

Overview and Grant Amount

Sustainability Victoria (SV) is supporting industry and local councils through Round 3 of the Victorian Circular Economy Recycling Modernisation Fund, which aims to build the capacity, capability and resilience of Victoria’s resource recovery sector, support businesses to respond to the national export ban on waste materials, increase the quality of materials for manufacturing and create jobs in the circular economy.

The funding grant ranges from $50k to $500k with a $1:$3 cash co-contribution scheme available to businesses and $1:$2 for local councils.

Eligibility and Criteria

Eligible organisations must be one of the following organisation types:

  • Australian businesses and local government that have existing reprocessing and remanufacturing facilities in Victoria.
  • Eligible Applicants may be consortia, however SV will only contract with one organisation. The consortium must name a lead partner who will enter into a funding agreement with SV (usually the partner purchasing the infrastructure). The consortium must be established at the date of application.

Applicants must:

  • have a current Australian Business Number (ABN)
  • have been operating in Australia for a minimum of 12 months by the application closing date
  • be able to demonstrate financial viability to undertake the project

Eligible Activities

Funding will support projects activities that (i) meet one or more of the fund objectives, and (ii) increase processing capability and capacity to improve quality of materials for re-manufacture and/or use of one or more of the following materials subject to the national waste export ban:

  • mixed plastics that are not of a single resin/polymer type and/or further sorting, cleaning and processing is required before use in manufacturing
  • single resin/polymer plastics that have not been reprocessed (e.g., cleaned and baled PET bottles)
  • mixed and unsorted paper and cardboard
  • all whole used tyres or in pieces larger than 150 mm, including baled tyres, but not including bus, truck and aviation tyres exported for retreading to a verified retreading facility

Project types:

  • purchase, install and commission new equipment or technology or upgrade existing facilities to increase domestic reprocessing capacity and/or increase use of recycled content in manufacturing and/or infrastructure

Project costs:

  • capital purchases (e.g., infrastructure or equipment including mobile equipment to process materials on-site. Mobile equipment must remain in Victoria except for repair or servicing interstate).
  • construction of buildings to house recycling infrastructure (from the laying of a slab to commissioning)

Funding will support projects that meet one or more of the fund objectives and focus on increasing processing capability and capacity to improve quality of materials for re-manufacture and/or use of one or more of the following materials subject to the national waste export ban:

Projects must:

  • be located in and service Victoria
  • source 50% or more of the project feedstock (materials) from Victorian sources
  • meet regulatory or planning requirements
  • be commissioned and operational by 1 June 2024
  • demonstrate market supply of the material feedstocks and demand for the processed products. Applications with secured feedstock and end markets will be assessed more favourably by the assessment panel

Interested parties are encouraged to read the guidelines set by the funding grant, and submissions may be lodged through their online portal.

Expert Assistance

Treadstone experts can help you understand government grants and maximise the benefits for your business. We have been helping clients since 2008 and our clients can testify to our proven success record. Working with us means you get the maximum grant with minimum risk and effort. Our expertise includes R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

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