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LCPM Project Development Stream

Grant Opened: 26th of February 2024 Closes: 3rd of May 2024 - 5:00 pm Value: $50,000 to $900,000 Run By: NSW Government Department of Climate Change, Energy, the Environment and Water Further Information: https://www.nsw.gov.au/grants-and-funding/lcpm-project-development-stream

Funding is available for businesses preparing to commercially manufacture low carbon products in NSW. This stream will fund specific development activities that enable a financial investment decision to establish a manufacturing facility.

The low carbon product manufacturing - project development stream is part of the net zero manufacturing initiative and will invest in project development activities to help businesses reach a financial investment decision for a new facility that manufactures low carbon products.

The initiative plays a pivotal role in achieving NSW's commitment to net zero emissions by 2050 through the following 4 objectives:

  • drive economic growth across NSW - increase economic activities by providing funding for new or expanded low carbon manufacturing facilities.
  • increase investment and employment in new low carbon industries - attract more investors to engage in the low carbon manufacturing sectors, leading to more job opportunities. 
  • support a diverse, self-sufficient, resilient and competitive low carbon manufacturing sector - foster a dynamic and robust economic landscape, reduce dependency on a single sector, and promote the export of low carbon products and technologies.
  • establish new industrial facilities and advanced manufacturing capabilities to help decarbonise NSW’s economy - facilitate the establishment and development of low carbon manufacturing with advanced capabilities, contributing to the overall reduction of NSW's economy's carbon footprint.
Last Updated: 24th of March 2024
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