The Money Tree
What’s that sound, you may ask? Well, it’s the sound of money starting to flow. The 2008 Federal Budget demonstrated a major shift in focus, with a whole swag of new grant programs.
While much has been made of the grants programs that closed, in this edition, we have spoken to AusIndustry to see what new funds are coming.
With the environment at the forefront of political debate, the Federal Government has put its money where its mouth is. A whopping $2 billion will be invested in this area. Here is a summary of some new programs for this year:
Climate Ready ($75 million over four years)
Climate Ready is first cab off the rank, with Round 1 already closed. As one of the more weighty programs offered by AusIndustry, grants of up to $5 million will be accessible. Closing dates are as follows:
- Round 2 – 4 December 2008
- Round 3 – 12 March 2009
- Round 4 – 25 June 2009
Re-tooling for Climate Change ($75 million over five years)
Launched in September, the first of several rounds is now open. AusIndustry is looking for manufacturing companies who are introducing new processes into their business, with the aim of significantly reducing energy or water usage. Re-tooling will support preparation for the impending Emissions Trading Scheme, soon to be introduced nationally.
Green Building Fund ($90 million over four years)
Green Building Fund is expected to be launched late October. Targeted towards owners of large, commercial premises, the program aims to support the retro-fitting and retro-commissioning of existing buildings. Industry Associations and NGOs may also access funds for training initiatives and the development of advisory guides.
Green business has certainly drawn a winning hand this financial year. Yes, the funds are flowing, and it’s only the beginning.
Not just a money-tree, AusIndustry also offers a range of services to businesses, including a telephone hotline, available to answer all your basic funding queries (call 13 28 46). However, if you want more details, refer to their website at www.ausindustry.gov.au for detailed publications and guidelines. If you prefer to discuss your specific circumstances, then you may wish to meet with a Customer Service Manager (CSM) face to face, who will work with you to help confirm your eligibility for a grant program.
Now, if you just need business advice, there will be 36 Business Enterprise Centres nationwide this year. They will provide a one-stop shop for small business advice, on key areas such as legal, tax, accounting and marketing advice. Keep an eye out for one near you.
Climate Ready: Round 2, close 4 December
Re-Tooling for Climate Change – now open
Green Building Fund – expected launch in late October
EMDG – close 30 November
Productivity Places Program – close 31 October
Fisheries R&D Corporation Fund – close 1 November
RIRDC Scholarships – close 1 November
Around the nation
NSW: Green Business Program – closing soon
VIC: Smart Water Fund – close 22 November
QLD: ecoBiz Program – now open
SA: Innovation & Investment Fund for SA – close 17 October
TAS: Enterprise Growth Program – now open
WA: Innovation Gateway: Facilities – now open
NT: Territory Business Growth – now open
Adrian Spencer is a dedicated grants specialist. He has accessed over $40 Million for organisations through State and Federal Government grants, rebates and concessions. Adrian is the Founder and CEO of GrantReady www.grantready.com.au