Made in Queensland Grant Initiative
The Made in Queensland (MIQ) program has bee introduced by the Queensland Government to support small and medium sized manufactures. This $61.5 million project is meant to increase international competitiveness, productivity and innovation via the adoption of new technologies, and to generate high-skilled jobs for the future. Currently three rounds of payments have been granted since 2017, with a forth round now open for application. So far this initiative has supported 84 advanced manufacturing projects across the state.
Made for Queensland is helping Queenslanders, expected to generate more than 1,100 jobs over five years, also generating more than $100 million in private sector investment.
The MIQ program complements the Queensland Advanced Manufacturing 10-Year Roadmap and Action Plan.
Made in Queensland Grant Funding
The forth round of applications are now open to businesses in Queensland. The program has $15.5 million to support manufactures in this round. Eligible manufacturers can apply for grants between $50 000 and $2.5 million with matched funding to become more international competitive and adopt innovative processes and technologies.
The Queensland Government have also deemed manufacturers operating in Queensland looking to reshore or onshore manufacturing activities to Queensland eligible to apply for MIQ funding. Regional manufacturers are also eligible to receive up to 75 per cent of their project funding in this round of MIQ for projects to the value of $500 000.
Made in Queensland Grant: Eligibility Criteria
To be eligible for an MIQ grant, an applicant must:
- be a Queensland-based business whose principal activity and majority annual turnover is derived from manufacturing, as defined under Division C of the Australian Bureau of Statistics’ Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006;
- be registered for GST and hold an active Australian Business Number (ABN);
- be an SME with between five and 200 full-time equivalent employees located in Queensland;
- have a proposed Eligible Project (that meets the requirements set out in Section 2.4 and be able to demonstrate that the applicant is in a position to verify/validate the details, expected effectiveness and outcomes of the proposed Eligible Project if the applicant progresses to Stage 2 (Detailed Application);
- have the financial capacity and standing necessary to conduct the proposed Eligible Project recognising that the grant payments are made in arrears;
- not have, and must not be an Associated Entity that has, received (or be about to receive) funding under the MIQ Program that in aggregate exceeds, or will exceed $2.5 million;
- not have made, and must not be an Associated Entity that has made, an application under Round 4 of the MIQ Program that in aggregate exceeds, or will exceed $2.5 million;
- not be insolvent or have owners or directors that are an undischarged bankrupt; and
- not be a federal, state or local government entity, statutory authority or special purpose vehicle or notfor-profit organisation.
If an application does not meet the Eligibility Criteria, the Department may reject the application and not consider it for any further assessment.
Further information can be found on the Queensland Government webpage.
Made In Queensland Grant Consultants
Need help with your Made in Queensland grant application? Click here to speak to an expert now
