https://business.vic.gov.au/grants-and-programs/industry-r-d-infrastructure-fund#eligibility
"The program provides grants of up to 50% of eligible project expenditure with all grants requiring a minimum 1:1 co-contribution from the applicant. The minimum grant amount is $250,000 (excluding GST) and the maximum grant amount is up to $2 million (excluding GST)."
It is basically halving the cost of qualified RnD expenditure that is between $500,000 and $4,000,000.
In the half yearly report we saw 1.1m capex spend on the new facility in the half and they said it was expected to be slightly higher this half so maybe circa 1.5m (same as the back end of FY23 as a reference). That might be the level of co-contribution depending on the criteria for the grant. Maybe we get 500k or up to maybe 1.5m. Both useful cash amounts.
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