In response to the recent announcement of the Ford Manufacturing plant closure, applications for funding under the Melbourne’s North Innovation and Investment Fund are now open. Eligible projects will focus on encouraging new investment to create new or additional business capacity that results in sustainable jobs. Financial assistance will only be provided for up to 50 per cent of total eligible project expenditure of $100,000 or more.
AusIndustry will be delivering information seminars on this competitive, merit-based grants program in August 2013.
Businesses considering investment leading directly to new sustainable jobs in the Melbourne North region (local government areas of Darebin, Hume, Moreland and Whittlesea) to assist the region to diversify its economic base, are encouraged to attend.
The information seminars will outline the application process, covering eligibility requirements, the merit criteria, and the application and review process.
Date: Wednesday 14 August
Time: 3.30pm to 5pm
Venue: Plenty Ranges Arts and Convention Centre, Lakeview Room, 35 Ferres Boulevard, South Morang
Registration: To register or to view the full list of seminar venues visit the AusIndustry website.
For further information contact AusIndustry on 13 28 46 or email email@example.com.
Melbourne’s North Innovation and Investment Fund (MNIIF)
Program Status:- Open for applications.
The Melbourne’s North Innovation and Investment Fund (MNIIF) is a $24.5 million competitive, merit-based grants program. Under the MNIIF, eligible projects will focus on encouraging new investment to create new or additional business capacity that results in sustainable jobs. The minimum grant will be $50,000.
The Melbourne North region is defined as the four Local Government Areas of:
The Australian and Victorian Governments have established the MNIIF in response to the announcement by Ford Australia that it will cease its vehicle and engine manufacturing operations in Australia from October 2016. Funding over three financial years from 2013-14 to 2015-16 will be provided to the Melbourne North region, as well as the Geelong Region, in recognition of the economic and social impact of Ford Australia’s announcement on those communities.
The Australian Government will contribute $30 million; the Victorian Government $9 million; and Ford Australia $10 million. Of the total $49 million in funding, $24.5 million will be made available to the MNIIF and $24.5 million will be made available to the Geelong Region Innovation and Investment Fund.
Successful applicants will be required to provide a minimum cash commitment which at least matches the total amount of grant funding sought under the program.
Applicants should note that proposals will not be favoured where they involve no sustained net increase in economic activity in Australia, or where new jobs in the Melbourne North region are created at the expense of jobs elsewhere.