Victorian Manufacturing to Share in $24.8 Million (27.06.2012)
Written on the 27 June 2012Member for Southern Metropolitan Region Georgie Crozier MLC today announced that the Victorian Coalition is encouraging manufacturers in the Oakleigh electorate to invest in new technology that will increase productivity and competitiveness, under a new $24.8 million program
Ms Crozier said the Investing in Manufacturing Technology (IMT) program would provide grants of up $250,000 to support Victorian manufacturers in adopting new technologies.
“The IMT program is a key part of the Victorian Government’s $58 million manufacturing industry assistance package, announced in the 2012-13 Budget,” Ms Crozier, said.
“The Victorian Coalition recognises that there are challenges in manufacturing including the high Australian dollar and the higher energy costs under the proposed carbon tax, but is committed to ensuring any financial assistance to manufacturers is based on an increase in productivity, diversification of products or new lines or investments that will enable companies to compete in new international markets.
“There is great resilience in the Victorian manufacturing sector and I was pleased to see that manufacturing jobs rose for the second consecutive quarter, according to the Australian Bureau of Statistics labour force data released 14 June.
“The Oakleigh electorate boasts some great examples of Victorian manufacturing at its best, and I encourage all local manufacturing businesses, both large and small to apply for these grants,” she said.
Applications for IMT Round One are open from 18 June 2012 to 20 July 2012, with total funding of up to $3 million available in this round. Grants will be allocated on a competitive basis and will require a minimum co-contribution from the business of $3 for every $1 granted.
An outline of the program, key dates, application process, eligibility criteria, assessment process and reporting requirements can be found at www.business.vic.gov.au/imt or call Business Victoria on 13 22 15.
Media contact: Darren Lawless 9555 4101