The Morrison Government has opened $50 million in grants for improving access to critical products in times of crisis.
Applications are open for manufacturers under the Supply Chain Resilience Initiative.
The scheme was a key part of the Government’s $1.5 billion Modern Manufacturing Strategy.
Matched grants of between $50,000 and $2 million are available for businesses which can help address supply chain vulnerabilities across medicines and agricultural production chemicals.
Christian Porter, Minister for Industry, Science and Technology, says COVID-19 has put an emphasis on investing in projects to support supply chain resilience.
“Our initial analysis identified medicines, agricultural production chemicals – such as fertilisers – and personal protective equipment (PPE) as sectors of focus,” he says.
A second round of analysis could see semi-conductors, water treatment chemicals and telecommunications equipment being included in future grant rounds.
“The Morrison Government has already worked side-by-side with industry, offering significant investment to scale up Australia’s ability to make PPE locally when we needed it most,” Christian says.
“This included providing funding to establish and expand local manufacturing, establishing accredited product testing capabilities, and providing free access to product standards and streamlining regulatory reviews and approvals.”
“Now we want to drive the same success for medicines and agricultural production chemicals.”
Under the Supply Chain Resilience Initiative, over $15 million will be designated to establishing a new Office of Supply Chain Resilience.
To find out more or apply for a grant under the Supply Chain Resilience Initiative click here.