Victoria has a wealth of clean energy resources which are set to play a key role in meeting Victoria's future energy needs. Victoria's share of electricity generated from renewable resources has increased substantially, from 4.8 per cent in 2009 to 12 per cent in 2014. Australia is forecast to attract $36 billion in renewable energy investments by 2020. It is vital Victoria captures a share of this.
Victoria's Future Industries
The $200 million Future Industries Fund supports high growth industry sectors that are critical to securing Victoria's future as a competitive, innovative and outward looking economy.
The Victorian Government has identified six priority sectors that have potential for extraordinary economic growth and the capacity to create high-skill, high wage jobs. These include:
- Medical Technologies and Pharmaceuticals
- New Energy Technologies
- Food and Fibre
- Transport, Defence and Construction Technologies
- International Education
- Professional Services
A grants program delivered through the Future Industries Fund will support these sectors to compete in the global marketplace.
Grants will support projects that create new jobs and those that need government support to succeed. Funding will be delivered through Future Industries Fund programs including:
- New Energy Jobs Fund
- Manufacturing Program
- Sector Growth Program
New Energy Jobs Fund
The Victorian Government's $20 million New Energy Jobs Fund will support Victorian-based projects that create long-term sustainable jobs, increase the uptake of renewable energy generation, reduce greenhouse gas emissions and drive innovation in new energy technologies.
Funding to support new energy technology projects will be available through three annual grant rounds.
Up to $5 million is available for round one which has now closed. If you have already applied you will be contacted if further information is required. All applicants will be notified if they are successful or not by mid-2016.
The Program offers grants ranging from $50,000 to $1 million. Projects under the Community category are able to apply for funding of up to $100,000 for the development of a business case or up to $1 million for project implementation and advisory services. Under exceptional circumstances, grants of up to $2 million may be considered. Such projects would need to clearly demonstrate exceptional merit and benefit to the State to warrant consideration.
The second and third grant rounds are expected to open in the second half of 2016 and 2017.
Please ensure you have read the below documents before applying:
- Application Guidelines
- Application Guidelines Attachments.pdf (PDF 140.64 KB)
- Fact Sheet - New Energy Fund (PDF 84.78 KB)
- FAQ NEJF New Energy Jobs Fund - March 2016 (PDF 179.09 KB)
Funding Agreement Templates
- NEJF - Template Agreement - NEJF Industry - Manufacturing Technology Energy Storage (PDF 1029.01 KB)
- NEJF - Funding Agreement - NEJF Community - Advisory Services and Project Implementation (PDF 1023.41 KB)
- NEJF - Template Agreement -NEJF - Community (Business Case) (PDF 980.67 KB)
Refer to section 4 of the Application Guidelines for eligibility details (clarification note inserted on 21 January 2016).
The Program will support new energy technology projects in the following categories:
Community Application Form
- This category supports both the development of new energy or renewable energy project business cases and the implementation of projects for the benefit of local communities.
- This category will also assist the establishment or expansion of advisory services to consumers, communities and businesses on best practice application of new energy technologies or systems.
- Only not-for-profit organisations, co-operatives, social enterprises or local councils will be eligible to apply under this category.
- It will assist these organisations to take positive steps towards delivering social, environmental, economic and technological benefits and sustainable outcomes to their local communities.
- Community-based projects funded for business case development in the first or second years (from this or other government programs) will be eligible to apply for project implementation funding in subsequent year(s).
Industry Application Form
- This category will support the manufacture of new energy technology components or systems.
- This category will support industry to optimise, adapt or integrate commercially-available new energy technologies (including advanced metering infrastructure). This includes demonstration of new business models for financing deployment of technology in ways which can be replicated by other businesses.
- This category will advance the development and deployment of energy storage products and services.
- Projects funded in this category may include innovative pilot programs, such as neighbourhood solar storage precincts. Projects which can also demonstrate positive externalities, such as reduced peak energy consumption, increased uptake of renewables and lower bills for vulnerable consumers will be considered favourably.
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