You are here: Home » Media centre » Media releases » New business grants will create 340 new jobs in Victoria
 
Media centre
 

Search Media Releases

Advanced search »

New business grants will create 340 new jobs in Victoria

Tuesday, 23 August 2011

From the Minister for Innovation,  Services and Small Business

Minister for Innovation, Services and Small Business Louise Asher has today announced almost $3 million in grants that will result in the creation of 340 new jobs across Victoria.

"The Competitive Business Fund (CBF) grant program will help 17 companies improve their global competitiveness, enhance productivity, save money on production costs and create more local employment," Ms Asher said.

"These grants will deliver long-term economic benefits and jobs growth to Victoria.

"The 17 new projects supported under the CBF represent almost $20 million of investment and are expected to deliver at least 340 new jobs.

"The Victorian Coalition Government is helping to foster a dynamic manufacturing sector by building capability and prompting demand driven development of new products for both domestic and export markets.

"As a result of a Coalition Government policy decision in March 2011, small businesses of 20 FTE or fewer are now eligible to apply for these grants.

"I am pleased to announce three of the 17 recipients, including Billman's Foundry of Castlemaine, were newly eligible and successful.

Billman's Foundry which manufactures ferrous and non-ferrous casting products and has been awarded $25,000 to upgrade its power supply.

"These grants will assist companies invest in new equipment, infrastructure, technology and product or process innovation. This will lead to sustainable increases in business productivity, employment and export potential," Ms Asher said.

Other CBF grants delivered under this round of funding include:

  • $150,000 to Clyne Foods, Warracknabeal to commercialise a vine fruit dehydration process
  • $150,000 to Bright Brewery, Bright to significantly expand its facilities providing a high-profile town centre attraction on the Great Alpine Road
  • $180,000 to Omniblend, Campbellfield to install a new canning line to produce dietary and nutritional products for export to China and other Asian markets.

"The fund is an excellent example of how the Coalition Government is working collaboratively with industry to drive improved competitiveness," Ms Asher said.

The successful Competitive Business Fund recipients are below:

Business Name

Grant Amount

Project Description

Project Location

Anca

 $100,000 Design and develop state of the art computer numerical controlled (CNC) machinery. Bayswater North
Ascent Pharmahealth   $250,000 Construct a pharmaceutical packaging facility to service Australian and international manufacturers. Dandenong
Billman's Foundry   $25,000 Upgrade the foundry's power supply to increase production capacity. Castlemaine
Bridgewater Compost $250,000 Expand the compost production facility to increase capacity. Bendigo
Bright Brewery   $150,000   Significantly expand its facilities providing a high-profile town centre attraction on the Great Alpine Road. Bright
Clyne Foods $150,000 Commercialise a vine fruit dehydration process. Warracknabeal
Corvina Quality Foods   $180,000   Purchase equipment to automate production, reduce costs and to increase output. Cheltenham
Diver Consolidated Industries   $250,000 Design, develop, produce and commission aluminium parts for a local motor vehicle producer. Reservoir
Formero   $100,000 Purchase next generation moulding technology for the rapid development of prototypes and production parts.  

Hawthorn
Hilton Manufacturing   $50,000 Design, develop, manufacture and assemble a series of products used by Jayco for the caravan and camper trailer market. Dandenong South
HJ Langdon $80,000 Purchase equipment for quality control of herbs in the food production industry. Derrimut
Longwarry Food Park $250,000 Manufacture smaller packs of flavoured milk and other specialised products for local and overseas consumption. Longwarry
Omniblend   $180,000 Install a new canning line to produce dietary and nutritional products for export to China and other Asian markets. Campbellfield
Specialty Coatings $250,000 Install a new manufacturing line to allow the company to double production and substantially increase local employment. Moorabbin
Starmaid $250,000 Install new injection moulders and other equipment to develop and produce innovative food preparation and storage products. Dandenong
Trakblaze   $160,000 Establish a new facility to produce weighing equipment for the automotive, rail and mining industries to replace imported products. Tottenham
Volgren   $250,000 Invest in a new project to boost jobs and expand exports.

Dandenong

Download PDF 75.48 Kb pdf