Applications are now open for the Accelerate Adoption of Wood Processing Innovation Program grant round.
First Assistant Secretary for Agvet Chemicals, Fisheries, Forestry and Engagement, Emma Campbell, said the funding will enable the use of innovative technology for timber production in privately-owned wood processing plants.
"Demand for wood and wood products is expected to increase significantly over the next 25 years, here in Australia and around the world," Ms Campbell said.
"This program will support projects that make better use of our existing timber, add value to existing products, create new products or reduce the industry's carbon footprint.
"By investing and upgrading Australian wood processing facilities, we will encourage different types of products and better use of materials to meet Australia's future wood demands.
"The Australian Government has committed $110 million in grant funding over four years from 2022-23 to 2025-26."
Grant funding of between $1 million and $5 million will be available. The grants will be co-contribution with applicants contributing a minimum of 60 per cent of the overall project value.
Applications close on 28 February 2023.
Projects must be completed by 30 June 2026.
