|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Industry, Industry>Industrial equipment, Industry>Industrial subsectors>Cross-industry, Industry>Industrial subsectors>Energy-intensive, Industry>Industrial subsectors>Light manufacturing, Industry>Industrial subsectors>Small- and Medium-sized Enterprises (SMEs), Industry>Industrial processes, Commercial/Industrial Equipment|
|Agency:||Department of Innovation, Industry, Science, Research and Tertiary Education|
|Funding:||AUD 800 million over 7 years|
The AUD800 million Clean Technology Investment Program is a competitive, merit-based grant program aimed at assisting Australian manufacturers to maintain their competitiveness in a carbon-constrained economy. The program provides grant funding for capital investment in energy efficient capital equipment and low emissions technologies, processes and products, and is open to manufacturers that meet a minimum energy or emissions threshold. Applicants must be able to demonstrate: (1) the extent of energy or carbon savings to be delivered by their proposed project; (2) their ability to undertake the proposed project; and (3) how the proposed project will maintain or increase the competitiveness of their manufacturing business. Businesses applying for grants of AUD1.5 million or more, must also show how their project will contribute to a competitive, low carbon Australian manufacturing industry and how their project will benefit the broader Australian economy. Grants of minimum AUD25,000 are provided to competitive applications on a co-investment basis, and are tiered according to the size of grant requested and size of the applicant’s business. Small to medium enterprises with annual turnovers of less than AUD100 million applying for grants under AUD500,000, receive grants on a matching funds basis. For all other grants under AUD10 million, the Government provides funds covering up to a third of the project’s costs. Applicants for grants of AUD10 million or more are expected to make a co-contribution of at least AUD3 for each AUD1 of Government support. The program is a central element of the Australian Government's Clean Energy Future plan which supports the Government's long-term commitment to reduce Australia’s carbon emissions by 80 per cent from 2000 levels by 2050. Further details on the plan can be found on the Clean Energy Future website at www.cleanenergyfuture.gov.au.
date effective: 2012 (16 February)
Last modified: Mon, 30 Oct 2017 12:29:04 CET