Update on Government Grants from ESS BIZGrants
Clean Technology Grants
The Australian government has introduced some significant grants to assist manufacturers who, in an endeavour to maintain their competitiveness in a carbon constrained economy, need to invest in energy efficient capital equipment and low pollution technologies, processes and products. Grants range from $25,000 to over $10M, on a range of government contribution levels from 25% to 50%.
The grant which is targeted at small/medium enterprises offer grants from $25,000 to $500,000, on a 50% grant basis, for projects which generate energy or carbon savings.
Applicants need to identify the energy or carbon savings that will be delivered by the proposed energy efficiency or emission reduction projects. Applicants also need to demonstrate their ability to undertake the proposed project and show how the proposed project will maintain or improve the competitiveness of their manufacturing business.
Whilst the Australian government has released guidelines as to how these grants operate, the government’s documentation is quite complicated, and includes commentary on the 5 separate grants all in one document. We believe this is very confusing for both small/medium enterprises and accountants. ESS BIZTOOLS has therefore prepared 6 separate papers on the Clean Technology Investment Program to enable a reader to easily identify the requirements of the individual programs.
These requirements can be summarised as follows:
- Corporations with turnovers under $100M with grants under $500,000.
- Corporations with turnovers over $100M with grants under $500,000.
- Corporations seeking grants of $500,000 to $1.5M (no turnovers mentioned).
- For corporations seeking grants of $1.5M to $10M (no turnover requirements to be met).
- Corporations seeking grants of over $10M (no turnover requirements to be met).
- Clean Technology Program Overview.
Full details of these individual grants are included within ESS BIZGrants, which is a tool that has been prepared to assist accountants to identify grants for their small/medium enterprise clients based on data which an accountant enters into the client profile.
Tourism Industry Development Fund
The Federal government has released details of the new Tourism Industry Development Grant.
Grants of between $50,000 and $250,000 are available, on a 50% grant basis, for eligible businesses for eligible projects located in regions outside the Sydney, Melbourne and Brisbane tourism regions.
Eligible applicants will need to demonstrate how the project is market responsive, improves the attractiveness of the destination, fits with the regions tourism experience and will meet long term industry objectives.
Applications close on the 14th December 2012.
ESS IZGrants 1800 232 088 | www.essbizgrants.com.au
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