Grants from Sustainability Victoria helping businesses reduce raw materials usage

Last Modified: Mon May 16 2016 11:16:23 GMT+0530 (India Standard Time)
  • 30-60%
    of cost of making products is on account of raw materials. It is one of the biggest, if not the biggest expense for local Victorian businesses.
  • 20-50%
    potential for improving material efficiency.
  • 20%
    potential for improving energy efficiency. The resource assessment grants initiative by Sustainability Victoria, provides funding for eligible businesses to review their activities and to identify and implement energy and materials efficiency improvements.
  • 100
    or more small to medium sized businesses have already received grants from Sustainability Victoria to undertake an assessment of their materials and energy use.
  • $130,000
    Average potential savings from recommended materials efficiency initiatives.
  • $95,000
    Average potential savings from energy efficiency measures.
  • 2 years
    or less - an average payback period for materials efficiency recommendations, and three to four years for energy efficiency recommendations.
  • 50%
    of the cost to engage a consultant to conduct a resource assessment of operations can be funded via grants on offer from Sustainability Victoria. Grants are capped at AUS $5,000 for an energy assessment and AUS $10,000 for a materials or combined materials and energy assessment.
  • $3,000
    implementation support bonus is available for businesses that can show evidence of implementing one or more recommendations from their assessment.
  • 05-Aug-2016
    Last date for receiving application for grant.