none

FUNDING BOOST FOR MANUFACTURING IN TASMANIA

16-05-2016
by 
in 

A $24 million joint Australian-Tasmanian government fund is expected to generate 774 new jobs and $92.6 million in investment in sustainable growth for Tasmania.

In a joint statement, Industry Minister Christopher Pyne, Tasman Senator Richard Colbeck and Tasmanian Premier Will Hodgman announced last week that 56 new projects had been funded by the Tasmania Jobs and Investment Fund.

The fund is a joint initiative with $16 million provided by the Australian Government and $8 million from the Tasmanian Government.

“Funding was hotly sought, with 56 exemplary successful applicants selected using a competitive merit-based process,” Mr Pyne said.

“The fund attracted 140 highly competitive applications, indicating a determination among the Tasmanian business community to innovate and invest in building a sustainable future.”

Senator Colbeck said the joint fund showed a commitment from the Australian and Tasmanian governments to encourage economic growth and jobs in Tasmania.

“When we announced this program we expected to leverage the state and Commonwealth funds to a total of $72 million.

“I’m really pleased that the government funding of $24 million has leveraged a further $68 million of private funding resulting in a significant injection of investment into Tasmania – a total investment of $92.6 million.

Senator Colbeck said the latest investment would create about 800 jobs across the state.

The fund had sparked a new atmosphere of optimism in the state, he said.

“The broad interest shows the underlying strength in the Tasmanian economy and is a positive indicator that our economy will continue to grow.

“It is particularly encouraging that all applicants were prepared to put a significant amount of their own funding towards the proposed projects.”

The successful applicants include:

·       Burlington Berries Pty Ltd, of Cressy, $1,288,147 for the expansion of growing area under poly tunnels.

·       One Atmosphere Pty Ltd, of Hobart, $1,078,830 for the design, construction and fit out of an aviation and defence equipment manufacturing facility.

·       Wursthaus Pty Ltd, of Cambridge, $138,000 for the expansion of the smallgoods and meat processing area and installation of a meat portioning machine.

Further announcements are expected soon.

A full list of successful applicants is available at: www.business.gov.au/TJIF-Projects-Supported

Related news & editorials

  1. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More
  2. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More
  3. 07.11.2018
    07.11.2018
    by      In
    With a combination of its industry-leading fans and energy-efficient lighting products, Big Ass is improving working conditions in Australia and around the globe.
    Blazing Queensland temperatures and humidity were creating uncomfortable working conditions at XL Service Bodies, an industry-leading... Read More
  4. 07.11.2018
    07.11.2018
    by      In
    ABB has thrown its weight behind the OPC Foundation in its bid to define the worldwide industrial interoperability standard. The new Open Platform Communication Unified Architecture (OPC UA) standard has the potential to enable industrial players to unlock the full potential of Industry 4.0.
    OPC UA... Read More