Defence Industry Development Grants Program – Sovereign Industrial Priorities Stream

The Defence Industry Development Grants Program – Sovereign Industrial Priorities Stream aims to assist eligible SMEs to purchase manufacturing plant and equipment which is used directly to develop and/or deliver programs that are in-line with the Sovereign Defence Industrial Priorities (SDIPs – see below).

There are matched funding grants between $50,000 and $1m under this stream.

Eligible Entities

To be eligible you:

Must be an Australian entity that has an ABN and registered for GST and are non-income tax exempt. Note partnerships and individuals can’t apply.
Must are a SME with less than 200 employees

Eligible Projects

You must complete your project by 31 March 2028 and your project must:

be undertaken in Australia and completed in 18 months
include eligible activities (see below)

Eligible Activities

Eligible activities must have a clear and direct link to the grant opportunity objective and outcomes and can include buying, leasing, constructing, installing or commissioning of manufacturing plant and equipment, including directly related specialist software. This may also include design, engineering and commissioning activities and workforce training and accreditations.

Leased plant or equipment must be for a lease period of at least 4 years.

Sovereign Defence Industrial Priorities (SDIPs) in the Defence Industry Development Strategy

These priorities are:

maintenance, repair, overhaul and upgrade (MRO&U) of Australian Defence Force aircraft
continuous naval shipbuilding and sustainment
sustainment and enhancement of the combined-arms land system
domestic manufacture of guided weapons, explosive ordnance and munitions
development and integration of autonomous systems
integration and enhancement of battlespace awareness and management systems
test and evaluation, certification and systems assurance.

Learn More

To learn more about the Defence Industry Development Grants Program – Sovereign Industrial Priorities Stream click here.

Applications for the current round of this program closes 31 August 2024

Wayne Wanders is an experienced Business Advisor and Outsourced CFO who can help to scale and grow your business profitably. Wayne may also be able to assist you in preparing any grant application. Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.

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Want a confidential discussion on your business situation, help with your grant application or to learn more about my Outsourced CFO Services, simply email me at wayne@aRealCFO.com.au or call me on 0412 227 052