Defence Industry Development Grants Program - Sovereign Industrial Priorities Stream

# Defence Industry Development Grants Program - Sovereign Industrial Priorities Stream 🇦🇺The **Defence Industry Development Grants Program** is a significant Australian government initiative, part of the **Defence Industry Development Strategy**, designed to bolster Australia's industrial base for achieving national defence outcomes. This program, administered by the **Department of Defence**, offers **$169.1 million** in funding over four years from 2024-25 to 2027-28. 🎯The **Sovereign Industrial Priorities Stream** specifically targets **Small to Medium Enterprises (SMEs)**, providing financial assistance for the **purchase of manufacturing plant and equipment**. This equipment must directly contribute to the development and/or delivery of programs aligned with the **Sovereign Defence Industrial Priorities** outlined in the Defence Industry Development Strategy. 💼**Eligibility Criteria:** * Australian Business Number (ABN), registered for GST. * SME with fewer than 200 employees. * Account with an Australian financial institution. * Non-income tax exempt. * Entity incorporated in Australia, a company limited by guarantee, or an incorporated trustee on behalf of a trust. * Cannot be on the National Redress Scheme's non-compliant list or a non-compliant employer under the Workplace Gender Equality Act (2012) (for employers of 100+). * No Commonwealth, state, territory, or local government bodies. * Partnerships are allowed, with a designated lead organization. 🗓️**Application Process:** Applications open on **Tuesday, June 18, 2024**, and can be submitted via business.gov.au/DIDgrants. The **selection process** is **Open Competitive**. Further assistance and guidelines are available through business.gov.au (phone: 13 28 46, email, or web chat). **Keywords:** Defence Industry, Government Grants, SME Funding, Manufacturing Equipment, Industrial Base, Australian Defence, Sovereign Capabilities, Defence Strategy, Business Grants, Equipment Funding, Industry Development, Department of Defence, DIDGrants.