Manufacturing News

$7.5 million grant program launched in Victoria

Minister for Manufacturing Exports and Trade Richard Dalla-Riva has launched the Victorian Manufacturing Productivity Networks $7.5 million competitive grant program.

The program will help Victorian manufacturing networks assist members to improve productivity and competitiveness.

The announcement was made by Dalla-Riva at Bendigo’s Hofmann Engineering, one of the largest Australian-owned manufacturing companies in Australia.

Bendigo’s Hofmann Engineering has been a major employer in Victoria, with 100 employees in Bendigo and 73 in Melbourne.

“The Victorian Coalition Government is committed to ensuring that Victoria’s manufacturing sector is supported with a policy framework that will enable it to remain competitive in a globalised marketplace,” Dalla-Riva said.

He went on to say “we undertook the most comprehensive review of manufacturing done anywhere in Australia, listened to industry, and developed the policies that they believed would assist the sector in these challenging times – this $7.5 million announcement for Manufacturing Productivity Networks is part of that $58 million policy commitment in this year’s State Budget.”

Dalla- Riva believes that the Manufacturing Productivity Networks would drive innovation through sharing knowledge among Victoria’s manufacturing businesses.

“To compete successfully in domestic and global markets, Victoria’s manufacturers need to be dynamic, innovative and world-class in their performance and productivity and the transfer of knowledge through Manufacturing Networks plays an important part,” Dalla-Riva added.

Manufacturing Productivity Network grants have been made available in two streams. Networks can apply for up to $50,000 to support activities that explore, plan for and scope productivity enhancements, reports the Australian Manufacturing.

Funding of up to $600,000 over three years is available for exploring new manufacturing technologies or undertaking a significant research project.

“The Coalition Government has already indicated its intention to support the Ballarat manufacturing sector under this initiative and we also hope to support other regional manufacturing networks. This complements the support we are already providing to the Geelong Manufacturing Council to deliver the $800,000 Industry Innovation Program in conjunction with Deakin University,” Dalla-Riva said.

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