Small and medium-sized Victorian manufacturers can now apply for grants under the second round of the Made in Victoria – Manufacturing Growth Program.
Minister for Jobs and Industry Natalie Hutchins unveiled the latest round today as part of the Victorian government’s efforts to help Victorian businesses stay at the forefront of Australian manufacturing, expand operations, boost productivity, and create jobs.
Businesses can receive grants of up to $250,000, which they can use to introduce new technology, improve productivity and competitiveness in local and global supply chains, upskill workers and create new jobs.
“Manufacturing is critical to growing our economy and supporting local jobs. These grants will help more local businesses to innovate and expand, drive investment, and compete globally,” Minister Hutchins said. “We’re investing in Victorian manufacturers to support our growing economy and improve productivity.”
The program’s first round, announced in September, supported 14 local manufacturers and created 138 jobs, the Victorian government said in a media release.
Underpinned by the Made in Victoria 2030: Manufacturing Statement, the state government has rolled out initiatives to help manufacturers scale operations and boost investments.
These initiatives include the $2 billion Breakthrough Victoria Fund, the $20 million Manufacturing and Industry Sovreignty Fund, the $15 million Industry R&D Infrastructure Fund, the Energy Technologies Manufacturing Program, and the $4.5 million Digital Jobs for Manufacturing Program.
Victoria’s $33 billion manufacturing industry is a driving force of the state’s economy, comprised of over 24,000 businesses and supports more than 260,000 jobs and exports worth $23.9 billion.
For more information and to apply for a grant, visit business.vic.gov.au/mgp2.
