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NEW grant ratio announced for carbon liable manufacturers.
On 31 July 2012 the Minister for Industry and Innovation, Greg Combet announced an additional grant ratio category under the Clean Technology Investment Programs for some companies with manufacturing facilities that are likely to face a direct carbon liability.
Clean Technology Investment Programs provide grants to help manufacturers buy new plant and equipment which cuts their energy costs or reduces carbon pollution. It is part of $1 billion in funding for manufacturers to improve energy efficiency and reduce pollution.
A new dollar-for-dollar (1:1) funding category will now be available for manufacturers with facilities that have emitted 25,000 tonnes or greater, but less than 100,000 tonnes of covered emissions in the last full financial year prior to application lodgement. This new grant ratio category increases the support for these manufacturers to make capital investments in low emission technologies, processes or products.
For businesses that are not liable under the Carbon Pricing Mechanism, the existing grant funding ratios will continue to apply.
- Manufacturers with turnovers of less than $100 million requesting funding under $500,000 will now only have to match the government grants on a dollar for dollar basis.
- For all other grants under $10 million, applicants will be required to contribute $2 for every $1 from the Government.
- For grants of $10 million or more, applicants will be expected to make a co-contribution of at least $3 for each $1 of Government support.
Download the Factsheet Grant Ratio For Carbon Liable Businesses
For more information review Ausindustry Clean Energy Programs