TAPPING into the billions of dollars available in Federal and Stale Government Grant funding can appear daunting at first glance, but for the dedicated business owner or manager that has set their sights on business growth the pain is worth the gain.There are numerous Federal and State Government grants and incentive schemes that can help Australian manufacturers. The following are just some of the many available:R&D Tax Incentive is designed to encourage companies to engage in R&D in Australia. It has two core components:* a 45% refundable tax offset (equivalent to a 150% deduction) to eligible entities with an aggregated turnover of less than $20m per annum- a non-refundable 40% tax offset (equivalent to 133% deduction) to all other eligible entities.
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