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Governments splash on business grants

Alexandra Vanags
24 September 2021 1 minute readShare
Govts splash on business grants

A number of grants for various industries including space and construction have been announced by state and federal governments over the past few days.

The federal government announced a further $3 million in funding under the “Moon to Mars” initiative, which is designed to help local space businesses break into international supply chains.

Acting Minister for Industry, Science and Technology Angus Taylor said the grants will strengthen Australia’s space manufacturing base, while also boosting the economy and creating new high-skilled jobs.

“The space sector is one of our six National Manufacturing Priorities and these grants directly contribute to building the skills and capabilities of Australian space businesses so they can scale up their operations and become competitive in global markets,” Minister Taylor said.

There is also a $15.1 million injection boost to the construction industry by helping to address building material shortages. The new program will target timber on Kangaroo Island and support the transportation of bushfire‑salvaged softwood to timber mills.

NSW recovery targeted

Meanwhile, the NSW government has announced “WestInvest”, a $5 billion program designed to rejuvenate Western Sydney communities and boost jobs.

Of this, $3 billion will be put into upgrading infrastructure such as parks, sporting grounds and cultural facilities, and also into “revitalising high streets”. The remaining $2 billion will be “reserved for high-priority projects to be developed in consultation with local communities”.

The area has borne the brunt of the latest Sydney COVID-19 outbreak, and NSW Treasurer Dominic Perrottet said the local infrastructure and facilities drive would create jobs at a critical time of recovery.

Elsewhere, applications are open for grants under the NSW government’s Creative Capital program, designed to address the demand for cultural infrastructure, support the creative economy and improve access for local communities to quality arts venues.

Victorians urged to buy local

In Victoria, Minister for Small Business Jaala Pulford launched a Buy Local this Weekend campaign, calling on Victorians to shop in their local communities.

Victoria’s Minister for Agriculture, Mary-Anne Thomas, also officially opened Stream Three of the Small-Scale and Craft Program. Stream Three offers grants of between $25,000 and $100,000 for eligible small-scale and craft agribusinesses. These grants support projects that showcase multiple producers and create tourist attractions that put their region on the map.

Governments splash on business grants
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Alexandra Vanags

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