Privately owned wood processing businesses can now apply for up to $5 million grant funding to advance and innovate their facilities.

22 December 2022

The Australian Government’s Accelerate Adoption of Wood Processing Innovation Program is providing $110 million in grant funding from 2022-23 to 2025-26 to co-invest with wood processors, to adopt new and upgraded wood processing facilities.

Applications are open for grants of between $1 million to $5 million (GST exclusive) for each application.

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.
The grant round 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.

Projects are not required to start in the 2022-23 financial year but must be completed by 30 June 2026.

Applications close on 28 February 2023 at 9pm (AEDT). To find out more, visit GrantConnect.