Some 14 small and medium-sized manufacturers in Victoria have shared $3.2 million in state government con-investment grants through the Made in Victoria – Manufacturing Growth Program.
The co-funded projects include businesses working across the food and beverage, pharmaceuticals, mining, construction, and machinery and equipment sectors and involve total investment of more than $16 million.
The Manufacturing Growth Program was established to deliver grants of up to $250,000 to help support businesses introduce new technology, boost productivity and competitiveness and to create jobs. The state government said the current round of grants would create 138 new jobs.
Victorian Minister for Manufacturing Sovereignty Ben Carroll said the funding would help companies to adopt new technologies, to drive new investment and compete globally.
Among the recipients is chassis manufacturer ARV Chassis and Trailers based in Somerton, who will purchase new equipment to grow their core production processes – creating 30 new jobs.
Mordialloc based business Not a Trace Foods, a health food manufacturer, will grow its allergen-free food production line, with the expansion set to create 21 new jobs.
Underpinned by the Made in Victoria 2030: Manufacturing Statement, the program is a key part of the Labor Government’s suite of targeted investments to drive innovation and strengthen local supply chains in our advanced manufacturing sector.
These initiatives include the $21 million Manufacturing and Industry Sovereignty Fund, the $15 million Industry R&D Infrastructure Fund, the $20 million Australian Medtech Manufacturing Centre, and the $4.5 million Digital Jobs for Manufacturing Program.
Manufacturing remains a driving force of the Victorian economy, employing more than 250,000 people, contributing $33 billion to the state’s economy each year, and providing 30 per cent of the nation’s manufacturing output.
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