The Geelong Investment and Innovation Fund was established by the Australian and Victorian Governments, together with Ford Australia following Ford's restructure of its manufacturing operations in Geelong.
The Fund will assist industry development in the Geelong region by providing grants to support new investment that will create sustainable jobs.
Round one of the Fund closed on 30 October 2007 and four projects were awarded a total of $3.3 million in funding, creating 193 full time jobs.
The second and final funding round is now open to applicants.
A Guide for Applications is now available and should be read in conjunction with the Applicant Guidelines prior to lodging an application.
Applications will be assessed against the Evaluation Criteria specified in these Guidelines.
Funding is available for up to 50% of eligible capital costs of the investment proposal, primarily being for plant and equipment and excluding land, buildings and infrastructure. As the minimum grant available is $250 000, applications involving capital expenditure of less than $500 000 are not eligible. The maximum grant available is $5 million.
Applications for funding must be received by 5.30pm AEDST on 31 October 2008.
Download the Guide for Applications (1 Mb).
Download the financial model template (29kb).
For further information or assistance regarding the Fund contact the Department of Innovation, Industry, Science and Research on (03) 9268 7533 or by email at giif@innovation.gov.au .