Auto Insights: Are you eligible for a $1 million manufacturing grant?

Applications are open for Round 3 of the ADP

2015-08-24

If your company is part of the Australian automotive supply chain, you may be eligible for grants of up to $1 million to help diversify your business.

Applications for Round Three of the Federal Government’s Automotive Diversification Programme (ADP) are now open.

The ADP, part of the $155 million Growth Fund, is a $20 million programme which aims to support Australian automotive supply chain companies to diversify out of the domestic automotive manufacturing sector into new markets. Eligible programme expenditure is limited to:

1. Capital equipment:

      • New equipment including devices, machines and tools
      • State-of-the-art second-hand manufacturing plant and equipment; and 

2. Reconfiguration costs including the re-modelling or restructuring of a manufacturing production line.

Applications close on Thursday 17 September 2015.

Grants are awarded on a competitive, merit-based process.

For further information, please contact Jason Crawford, Partner – R&D Tax and Government Incentives.