Manufacturing grants up for grabs

GIPPSLAND manufacturing companies have been urged to apply for their share of a multi-million dollar State Government grants program just announced.

Deputy Premier and State Member for Gippsland South Peter Ryan encouraged local manufacturers to invest in new technology that would increase productivity and competitiveness, under a new $24.8 million program.

Mr Ryan said the Investing in Manufacture Technology program would provide grants of up to $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,” he said.

“There is great resilience in the Victorian manufacturing sector, and I was pleased to see manufacturing jobs rose for the second consecutive quarter, according to the Australian Bureau of Statistics labour force data released 14 June.”

Applications for IMT round one are open until Friday, 20 July with total funding of up to $3 million available in this round.

Mr Ryan said grants would be allocated on a competitive basis and would require a minimum co-contribution from the business of $3 for every $1 granted.