The Australian Government has launched the first round of funding from a new program: Energy Efficiency Grants for Small and Medium Sized Enterprises. This $62 million program was an election commitment for the Albanese Government, which was subsequently funded in the October Budget. There will be two rounds for applications, $16 million this year and the balance next year.
Funding will be distributed between states and territories based on the distribution of small and medium sized businesses nationally. The Government expects that there may be a high level of interest for this opportunity, and so could be oversubscribed. Grants will be awarded to eligible applicants on a first-come, first-served basis until the funding is exhausted in each jurisdiction.
The program is open to small and medium businesses (with fewer than 200 employees) in all industry sectors. Funding of $10,000 to $25,000 is available for measures such as energy monitoring systems or upgrades to existing equipment to improve energy efficiency. These upgrades will enable firms to reduce energy use and manage energy price volatility. The grants can cover up to 100% of eligible project expenditure. Grants can also be applied to components of more expensive projects.
The program will contribute to Australia’s target of a 43% reduction on 2005 emission levels by 2030. It will be open for applications from 10:00 am AEDT 06 March 2023 to 5:00 pm AEST 19 April 2023.
You can also read the media release from the Assistant Minister for Climate Change and Energy, Senator the Hon. Jenny McAllister.
There are a number of grants and funding programs around Australia for energy-related projects which are either currently open or opening soon.
Recipients announced for Energy Efficient Communities Food and Beverage Manufacturing Business grants
The Energy Efficient Communities Food and Beverage Manufacturing Business Grants program closed early in 2022. The program offered grants ranging from $10,000 to $25,000 to firms with fewer than 200 staff. The Australian Government has now finalised agreements with more than 750 businesses for funding with a total value about $18 million. The grants will support a diverse range of activities including upgrades to metering, lighting, chillers and ovens for a diverse range of businesses, including breweries and distillers, bakers and vegetable processors, and cheese and smallgoods makers.