Joint release with the Hon. David Hodgett MP, Victorian Minister for Manufacturing amd the Hon. Susan Close MP, South Australian Minister for Automotive Transformation, Manufacturing and Innovation
Manufacturers in South Australian and Victoria will have the opportunity to capitalise on new market opportunities and create new jobs and investments, through the $60 million Next Generation Manufacturing Investment Programme.
Announcing the programme at Seeley International’s Meridian Test Laboratory in Adelaide today, Federal Minister for Industry Ian Macfarlane said the programme was focused on identifying new investment opportunities to assist Australia’s manufacturing industry as it transitions from its traditional base to new higher-value added and globally-linked manufacturing.
“Across Australia, industry is entering a new era and a third wave of development based around internationally competitive advanced manufacturing. This transition is particularly important in South Australia and Victoria as the car manufacturing industry winds down,” Mr Macfarlane said.
“The Next Generation Manufacturing Investment Programme will assist manufacturers to make the investments needed to reach into new global supply chains.
“Under this programme, manufacturers will have access to grants of up to $5 million to enable businesses in South Australia and Victoria, or other manufacturers looking to open new operations in these states, to purchase machinery and equipment, modify existing premises to accommodate the machinery and train staff to use and maintain this equipment.
“The programme is a central element of the $155 million Growth Fund designed to support employees, businesses and regions affected by the closure of Australia’s car manufacturing operations in 2017.
“It is a joint initiative of the Australian, Victorian and South Australian Governments.”
Victorian Minister for Manufacturing David Hodgett said that the announcement would provide great opportunities for Victorian companies.
“Victorian manufacturers have been quick to adapt to changing circumstances by exploring opportunities for new products and new markets, but, like many businesses, have difficulty accessing the finance they need to put new developments in place,” Mr Hodgett said.
“This programme will enable them to apply for competitive grants of $500,000 to $5 million to cover up to half of the cost of eligible projects.”
“This funding will help shift many Victorian businesses onto the front foot by enabling them to invest in new opportunities sooner than would have been otherwise possible.”
South Australian Minister for Manufacturing and Innovation Susan Close said South Australia is partnering with the Australian and Victorian Governments to provide $12 million toward Next Generation.
Dr Close said the Growth Fund complements the South Australian Government’s focus on supporting industry diversification, investment and jobs growth.
“Transformation of the South Australian economy will be built on the ability of our local businesses to adopt new ways of doing things,” Dr Close said.
“We are working to help South Australian businesses to identify new opportunities for innovation and to develop and expand their capabilities.
“I hope manufacturers from a range of sectors such as food and beverage, health and medical devices and sustainable building products will consider applying for support for their investment plans.
“Seeley International is a great South Australian company and an example of the type of successful manufacturer that Next Generation is designed to encourage.”
Applications for Round 1 of the Next Generation Manufacturing Investment Programme open today and close on 9 January 2015.
Applications for projects in each State are assessed on a competitive basis against set merit criteria.
Further information on the programme and how to apply can be found at www.business.gov.au/NextGen.