The $107 million Supply Chain Resilience Initiative (SCRI) was established as part of the Modern Manufacturing Strategy. The SCRI aims to strengthen Australia’s ability to access critical products and inputs, better positioning the country to respond to future supply chain disruptions. The initiative will run over 4 years from 2020–21 to 2023–24 and includes:
- working with industry to further develop our understanding of critical supply chains, to identify vulnerabilities and supply options to address them
- the $100 million Supply Chain Resilience Initiative grants program (the program) to incentivise business to invest in capabilities to address identified supply chain vulnerabilities
17 January 2022 05:00PM AEDT
Overview and Grant Amount
The Supply Chain Resilience Initiative provides grants for businesses up to $2 million to establish or scale a manufacturing capability or a related activity to address supply chain vulnerabilities for a critical product or input identified in the Sovereign Manufacturing Capability Plan, including through investment in new equipment, technology, skills and processes.
Successful applicants and projects will contribute to the program’s goals. The program aims to:
- improve Australia’s resilience to future supply chain shocks
- facilitate diversification of supply options and increase investment in the economy
- enable diversification into export markets and reduce reliance on domestic markets
- improve collaboration between domestic and international manufacturers and suppliers
- mitigate supply chain risks for critical products
- enhance visibility and transparency of the supply chain for critical products
- accelerate digitalisation and deeper integration of technology
- optimise supply chain performance
Eligibility and Criteria
To be eligible, a business must:
- have an Australian Business Number (ABN)
- be non-income tax-exempt
- be registered for the Goods and Services Tax (GST)
- be an entity incorporated in Australia and a trading corporation
If you are a trading corporation, your trading activities must:
- form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation; or
- form a substantial and not merely peripheral activity of the corporation
Eligible projects must show:
- a minimum of $100,000 in eligible project expenditure
- that you are a manufacturing business or a business within the manufacturing supply chain
- that your project addresses supply chain vulnerabilities associated with critical product categories identified in the Sovereign Manufacturing Capability Plan
- evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported
- that you can complete the project and meet the costs of the project not covered by grant funding
- how you will provide your share of project costs
The two critical product categories are semiconductor and water supply treatment chemicals. An accountant declaration template is also available, along with other key documents, to help you confirm you can fund your share of the project costs, including any ineligible expenditure.
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 include 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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