The 2020-21 Victorian State budget committed $60 million to the Manufacturing and Industry Development Fund. The Business Competitiveness Program (BCP) is a key initiative within the Fund.

As Victoria recovers from the impacts of COVID-19, this fund aims to stimulate job-creating investment by Victorian industry in sectors where Victoria has a significant competitive advantage to ensure the Victorian industry is sustainable and thriving into the future.

The Business Competitiveness Program will assist small and medium manufacturers with an existing presence in Victoria to expand their manufacturing operations and implement new manufacturing technologies and processes that provide a critical foundation for generating sustainable new local jobs (including high-value jobs). The program aims to create jobs, increase industry competitiveness, and help strengthen local supply chains in traditional and emerging manufacturing sectors where Victoria has competitive advantages.

Eligibility criteria

  • Have an operating presence in Victoria
  • Are currently engaged in manufacturing or the manufacturing supply chain OR
  • Demonstrate a genuine commercial connection to the manufacturing supply chain.
  • Employ at least 20 FTE* (full-time equivalent) staff or have an annual turnover of greater than
    $1.5 million
  • Agree to conduct the majority of proposed activities in Victoria

Assessment criteria

Your project will be assessed on the need for government support, number of sustainable FTE jobs created, other benefits and capacity and capability to successfully implement the project.

Available funding

The program provides grants of up to 33 per cent of eligible project expenditure allocated on a competitive basis. The maximum grant amount is $500,000 and the minimum grant amount is $50,000.

All grants require a minimum co-contribution from the applicant of 67 per cent of total eligible project expenditure ($2 for every $1 funded by the Victorian Government). In-kind contributions are excluded (i.e. non-monetary resources). Funds from other Victorian or Commonwealth Government programs cannot form part of the co-contribution.

More information is available on the Victorian Government website here.

Please complete the enquiry form for an obligation-free discussion of your project.

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