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CIT funding for capital investment

Log sawmilling, wood chipping, timber re-sawing and dressing, prefabricated wooden building manufacturing, veneer and plywood manufacturing and pulp, paper and paperboard manufacturing are among those eligible to apply for grants under the Clean Investment Technology (CIT) program. Source: Timberbiz

Applications are currently open for funding under the Government’s $800 million program that offers the opportunity to gain assistance for eligible capital investment and associated activities that generate carbon and energy savings, including:
• Replacement of existing manufacturing plant, equipment and processes
• Modifications to existing manufacturing plant, equipment and processes
• Changes to energy sources for existing or replacement manufacturing plant or processes
• Replacing or modifying existing manufacturing facilities to enable production of new low emissions products.

The Program is administered by AusIndustry and will provide grant funding over a seven-year period from 2011/2012 – 2017/2018.

It is designed to support Australian manufacturers to maintain competitiveness in a carbon-constrained economy, through investments in energy-efficient capital equipment and low-pollution technologies, processes and products.

For more information go to http://www.ausindustry.gov.au/programs/CleanTechnology/CleanTechnologyInvestment/Pages/default.aspx