16 December 2022
The Accelerate Adoption of Wood Processing Innovation Program grant round will open later in December for privately owned wood processing facilities. The Australian Government is providing $110 M.
The
grants will support the medium to long-term sustainability of wood processers
by stimulating investment in upgrades to existing manufacturing lines and
support innovation to diversify domestic products.
The
grants will also support wood processing facilities to use innovative
technologies in their production.
This
will enhance the sectors’ ability to supply more of Australia’s wood demands
into the future, with demand for wood and wood products predicted to increase
by at least 30 per cent in 2050.
The
program will offer co-funding of up to 40 per cent of total project costs, with
the remaining 60 per cent to be met by the applicant.
Privately
owned wood processing facilities are encouraged to register their interest on
GrantConnect.
Click
on the ‘New User Registration’ menu at the top of the Grant Connect homepage
and complete the online form to receive email notifications on this grant
program.