From today businesses in Tasmania can apply for up to $16 million in Australian Government funding for projects to utilise Tasmania’s hardwood plantation timber resources, helping the State’s traditional forestry industry to become more sustainable.
The Plantation Manufacturing Innovation and Investment Fund (PMIIF) will deliver long-term sustainable industry opportunities, and help diversify Tasmania’s regional economies.
Funding will support industry and companies across a wide range of activities, such as investing in equipment, technologies or capacity expansion, developing innovations, and investing in research and development.
Innovation Minister, Senator Kim Carr, said the PMIIF is an important part of a regional economic diversification package for Tasmania.
“The Australian Government is working hard to help traditional industries like forestry move to a sustainable footing by encouraging innovation, modernising business processes and company capacity building,” Senator Carr said.
“This Fund will encourage business, industry and researchers to come up with innovative ways of processing hardwood plantation timber and manufacturing new hardwood plantation timber products. It is a great resource that can provide strong support to Tasmanian industry.
"While the PMIIF supports industry-led activity, I also encourage forestry research organisations to partner with industry in applying to the Fund.”
The PMIIF forms part of the Tasmanian Forests Intergovernmental Agreement signed earlier this year by the Australian and Tasmanian Governments, which recognises the broad impacts of the restructuring of the forestry sector.
Grants, from a minimum of $50,000, will be awarded through a competitive, merit-based process to ensure that funded projects are commercially robust. The program will end in the 2015-16 financial year. Applications close on 1 November 2013.
The PMIIF will be delivered in Tasmania by AusIndustry. Recommendations for funding will be made by an assessment panel including a representative from the Australian Government, an independent member of the Tasmanian business community and a technical expert in the hardwood plantation timber industry.
For more information on the PMIIF visit www.ausindustry.gov.au, call the AusIndustry Hotline on 13 28 46 or email email@example.com.
Minister's Office 02 6277 7070