Our latest insights

In this episode, Corporate Tax Partner Vince Tropiano, Global Trade Partner Richard Nutt and Innovation Incentives Director Simone Barker discuss the Australian economy and how tariffs are impacting Australian manufacturing businesses – and what they can do to mitigate risks.

In a few days, the Treasurer will present a budget that few of us expected. While in the shadow of the upcoming Federal election, it’s important that the Government takes the opportunity to set a platform to support Australian business in an environment of major global uncertainty.

If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

As we approach the end of Q1 FY25, it’s important consider how new and existing government grant programs could help your business achieve bigger, better, and faster outcomes.

In the latest episode of Beyond the Numbers with Grant Thornton, Innovation Incentives Director Simone Barker and Michael Climpson, National Head of Manufacturing and a Partner in our Audit & Assurance team discuss what the mid-sized manufacturing sector currently looks like in Australia, how inflation has impacted the sector and what the Future Made in Australia initiative will look like in practice.

The recently announced ‘Future Made in Australia Act’ underscores the Government’s commitment to the manufacturing re-shoring objective, demonstrating a willingness to adopt an interventionist approach to safeguard and build our sovereign capabilities, ensure our competitiveness with neighbouring countries, and allies and guard against growing geo-political tensions.

The Australian Federal Government is ambitiously targeting 82 per cent renewable energy by 2030, currently at 30-35 per cent. Support mechanisms span grants, loans, and equity investment, nurturing diverse sectors from critical minerals to clean energy technologies.

There is a change of pace in the FY24 grants landscape, with the State and Federal Governments announcing and opening a wave of exciting new grant programs to support priority industries and businesses.

In this episode of Navigating the New Normal, Pete Burgess, Partner in Corporate Finance, and Simone Barker, Director in Innovation Incentives, discuss how they support their clients to secure funding in order to grow.

Our Government Grants team monitors the fluctuating grants landscape and has identified some major opportunities to keep an eye on over December 2022 and January 2023.

While manufacturing has shown resilience and agility to pivot in the face of the pandemic, the pathway to the solidly Australia-based manufacturing capability the Albanese Government’s seeks, where we are able to “build what we need” and “rebuild our proud manufacturing industry”, is still somewhat unclear.