Association News
Energy efficiency grants for small and medium enterprises (round 2)
February 15, 2024
The Australian Government is offering grants that gives eligible small and medium businesses up to $25,000 to purchase energy efficient equipment to reduce and manage energy usage and costs.
What do you get?
A grant of up to $25,000, to cover up to 100 per cent of eligible expenditure. There is a total of $41.241 million available for this grant opportunity.
Grant funding will be distributed between states and territories based on the distribution of small and medium sized businesses nationally. Refer to Appendix A in the grant opportunity guidelines for a breakdown of funding in each jurisdiction.
We expect that there may be a high level of interest for this grant opportunity, and it may be oversubscribed. 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.
Who is this for?
This grant opportunity is for small and medium sized businesses with an employee headcount of 1 to 199 employees.
Overview
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 per cent reduction on 2005 emission levels by 2030.
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 per cent below 2005 levels by 2030.
Applications close April 8, 2024 at 5pm AEST. Get full details and apply here.