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DEADLINE: Made in WA Energy Affordability Investment Program (MEAIP)

23 February @ 4:00 pm - 5:00 pm AWST

Applications are now open for the Made in WA Energy Affordability Investment Program (MEAIP).

The MEAIP is a 153.3 million low-interest loan program, administered by the Department of Energy and Economic Diversification. Loans of between $300,000 and $15 million are available to manufacturers in eligible target sectors to bring forward investment into energy efficiency, renewable energy, energy storage, electrification and advanced manufacturing projects.

The Program will be delivered through two funding streams:

Stream 1: Energy Efficiency, supporting projects that improve energy efficiency or energy cost competitiveness.

Stream 2: Energy Efficiency and Advanced Manufacturing, supporting integrated projects that combine eligible energy efficiency investments with advanced manufacturing technologies to deliver an energy cost competitiveness benefit alongside improved manufacturing capability, capacity or productivity.

Eligible manufacturers with annual revenue:

Up to $10 million may apply for loans between $300,000 and $2 million.
Above $10 million may apply for loans of more than $2 million and up to $15 million.

The Loan may fund up to 80 per cent of eligible project costs, with a minimum 20 per cent co-contribution from applications. No principal or interest repayments will be required in the first 12 months of the loan.

Eligible sectors:

The Program is open to eligible manufacturing businesses in WA that operate within, or supply manufactured products to, one or more of the following sectors including: