Opening for Victoria on February 22, this exciting grant opportunity provides eligible small and medium businesses up to $25,000 to purchase energy efficient equipment to reduce and manage energy usage and costs.
Covering up to 100% of eligible expenditure, the Energy Efficiency Grants for Small and Medium Sized Enterprises Round 2 will support businesses to upgrade or replace inefficient equipment to improve their energy efficiency. These upgrades will enable industries to reduce their energy use, manage energy cost volatility in the long term and contribute to Australia’s target of a 43% reduction on 2005 emission levels by 2030.
There is $41 million available for this grant opportunity, and it is expected to receive a high level of interest. This is a demand driven grant opportunity. Grants will be awarded to eligible applicants on a first come, first served basis until the funding is exhausted in each jurisdiction.
This grant opportunity is for small and medium sized businesses with an employee headcount of 1 to 199 employees.
The objectives of the program are:
- improve energy efficiency practices and increase the uptake of energy efficient technologies
- assist small and medium businesses to manage their energy usage and costs
- reduce greenhouse gas emissions.
The intended outcomes of the program are:
- increase awareness of energy efficiency opportunities and help businesses to save energy
- reduced power bills for small and medium businesses
- emissions abatement to contribute to Australia reducing its emissions to 43% below 2005 levels by 2030.
Applications open at 12pm, Thursday 22nd February 2024. Applications close at 5pm, Monday 8 April 2024.
To find out more, check the guidelines or your eligibility, CLICK HERE.
