Applications are open for Round 3 of the ADP
If your company is part of the Australian automotive supply chain, you may be eligible for grants of up to $1 million to help diversify your business.
Applications for Round Three of the Federal Government’s Automotive Diversification Programme (ADP) are now open.
The ADP, part of the $155 million Growth Fund, is a $20 million programme which aims to support Australian automotive supply chain companies to diversify out of the domestic automotive manufacturing sector into new markets. Eligible programme expenditure is limited to:
1. Capital equipment:
2. Reconfiguration costs including the re-modelling or restructuring of a manufacturing production line.
Grants are awarded on a competitive, merit-based process.
For further information, please contact Jason Crawford, Partner – R&D Tax and Government Incentives.