NSW Net Zero Manufacturing Initiative – Renewable Manufacturing Grant

The NSW Net Zero Manufacturing Initiative– Renewable Manufacturing Grant is designed to expand and increase NSW manufacturing capacity of components for renewable energy. Grants are available from $5 million and $50 million per project on a matched funding basis.

Eligible applicants

Applicants can be based internationally, interstate or in NSW. To be eligible for funding, the lead applicant must:

hold or be willing to obtain an ABN and be registered for GST
be a company incorporated in Australia; a company limited by guarantee; an incorporated trustee on behalf of a trust; an incorporated association or co-operative; an Aboriginal and/or Torres Strait Islander Corporation.
hold or will attain all insurances required by law including $20 million public liability insurance and worker’s compensation, prior to entering into a funding agreement
not be subject to any insolvency

Eligible projects

To be eligible for funding, the lead applicant must confirm that the proposed project:

will deliver new or expanded industrial facilities in NSW that will manufacture renewable energy products at commercial scale.
is expected to be fully delivered (operational) within 4 years of contract execution and no later than 30 June 2030
is sustainable without continued government investment
would not occur in NSW at all or in the same timeframe without government support
has a viable commercial strategy

Ineligible projects

The following projects are ineligible for funding:

components for energy-harnessing technologies including geothermal energy, bioenergy and ocean energy
mining of essential minerals needed to manufacture renewable energy components
projects requiring ongoing funding from the NSW Government
projects that would proceed and be delivered on the same timeline without government investment support
projects that have already commenced for the scope of work for which funding is requested in the application
projects that have already received NSW Government funding for the same outputs and outcomes

Application Process

The application process will consist of 2 stages. Stage 1 is an Expression of interest (EOI). Stage 2 is a detailed application which will be by invitation only.

EOI’s close 19 April 2024

Learn More

Click here to learn more and apply

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application. Contact Wayne below for a free no obligation session.

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