Investing in our local manufacturers to reach new heights

News
Published: 1 August 2024

The Victorian Government is backing local manufacturers to expand operations and take their business to the next level, creating more than 80 new jobs across the state, while making the sector more globally competitive.

The latest round of Made in Victoria – Manufacturing Growth Program grants has been awarded to nine small and medium-sized Victorian manufacturers, for a share of more than $1.9 million in government funding.

The businesses have received grants of up to $250,000 to introduce new technologies and processes, improve supply chain productivity, upskill workers and generate highly skilled jobs.

The co-funded projects are worth more than $9.5 million collectively and are expected to create more than 80 new jobs. Recipients are located across the state and operate in a variety of sectors including food and beverage, construction, and packaging and transport.

A person in protective gear including hairnet and mask is looking at rows of jars on a wall at the Essential Flavours and Ingredients laboratory

Among the recipients is family-owned business Essential Flavours and Ingredients in Carrum Downs, which will significantly upgrade its liquid manufacturing capabilities, enabling the company to boost its employees by 40 per cent and expand its exports across the Asia Pacific.

The Made in Victoria – Manufacturing Growth Program is part of the government’s work to support the state’s advanced manufacturers to innovate and grow production, which includes the $20 million Manufacturing and Industry Sovereignty Fund and the Industry R&D Infrastructure Fund.

Victoria’s $33.5 billion manufacturing industry is a driving force of the state’s economy, made up of over 23,000 businesses, supporting more than 260,000 jobs and exporting goods worth $23.9 billion.

For a full list of grant recipients, visit the Business Victoria website.