The SME Industrial Decarbonisation Fund has been designed to help small-to-medium sized Australian manufacturers reduce their direct greenhouse gas emissions by switching from fossil fuel powered processes to electric alternatives.
The Fund supports businesses through co-investment to upgrade or replace equipment and processes, train their workforce, attain updated certification or compliance and share successful deployment across the manufacturing industry through knowledge sharing activities.
The Fund has three focus areas and Projects must clearly demonstrate a pathway to achieving commercial viability and the ability to deliver a measurable reduction in emissions.
SME Industrial Decarbonisation Fund focus areas:
Surface Treatment
used in areas such as, but not limited to, powder coating, galvanising and metallic finishes.
This may include, for example, transitioning from gas-fired curing ovens to electric infrared or induction curing systems for paints or hardened coating.
Process Steam
used in areas such as, but not limited to, sterilisation, drying and cooking.
This may include, for example, replacing gas boilers with electric boilers or heat pumps for food processing and industrial cleaning applications, such as sterilisation of bottles and packaging.
Metals Processing
used in areas such as, but not limited to fabrication, refinement, transformation or extraction.
This may include, for example, electrification of furnaces and kilns, adoption of electric arc or induction melting systems, or replacement of fossil-fuelled heat treatment and forging processes with low-emissions alternatives.
The SME Industrial Decarbonisation Fund is a $10 million co-investment fund supporting Australian manufacturers to reduce emissions through electrification and other decarbonisation initiatives.
$10M
Total co-investment fund
$400k-$1M
Eligible project size
Up to 50%
AMGC contribution, Project leads matched $-for-$
July 2026
Applications open to 31 Dec 2028 or fully allocated
How to Apply
Follow these steps to submit your application through the Good Grants portal
Application Process
Review the Program Documents
Review the Guidance to Applicants, Frequently Asked Questions, sample application, and become familiar with the merit criteria
Check Eligible Expenses
Submit via Good Grants
Complete your application through the Good Grants portal.