Manufacturing News

Vic Government funding to alleviate businesses’ electric bills

Last week, the Victorian State Government has announced that its Boosting Business Productivity program will now include large businesses thanks to an increase in funding.

The announcement is the latest in a suite of programs to help businesses affected by rising energy costs.

Victorian businesses will now benefit from additional funding of $2.5 million to help them reduce energy costs.

Grants of up to $25,000 are available to improve gas efficiency for gas-related projects including capital equipment upgrades, non-routine maintenance and repairs, fuel switching, and improving metering.

These will improve energy productivity and affordability, support jobs and reduce greenhouse gas emissions.

Minister for Energy, Environment and Climate Change Lily D’Ambrosio said, “We’re  providing a wide range of incentives to encourage and support businesses manage energy costs and become more efficient.

“This forward-thinking approach will maximise job creation and investment opportunities and deliver significant commercial and environmental benefits.”

In addition, a series of Gas Efficiency Masterclasses will be held throughout Victoria, with one-on-one mentoring and business coaching run by the Australian Industry Group.

Funding to help businesses is also available through Energy Assessment grants, the maximum grant value will rise from $9,000 to $18,000 per business.

A Sustainable Finance Service that supports businesses to invest in energy efficiency and renewable energy has also been established.

Materials efficiency grants can help manufacturers make more efficient use of materials and reduce the amount of waste sent to landfill. Grants of up to $13,000 per business are available to assess business needs and to implement improved processes.

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