Victorian Government announces funding boost for key industry transition and manufacturing programs

Image credit: Nissan's Facebook page

Victorian Minister for Industry and Employment Wade Noonan has announced additional funding support for the State’s workers, manufacturers and industries in transition.

Image credit: Nissan’s Facebook page

Visiting Nissan Casting Australia in Dandenong South on Wednesday, the Minister announced a $15 million cash boost in the State’s 2017/18 Budget to support key industry transition and manufacturing programs.

According to the Minister, the Budget includes $10 million for the Local Industry Fund for Transition (LIFT) – on top of the $33 million previously funded – and $5 million to boost the Future Manufacturing Program (FIMP), building on the $13 million announced last year.

“We are seeing real jobs and real results from our industry transition and manufacturing programs, and I’m thrilled we were able to provide additional support in the Budget,” the Minister said.

“The future for manufacturing in Victoria is bright – and we’ll continue to do everything we can to support new jobs and new opportunities.”

Nissan Casting, a manufacturer of automotive componentry, received support from FIMP to purchase and install new equipment and develop the next generation Electric Vehicle powertrain inverter components and water jacket assembly for export.

Member for Dandenong Gabrielle Williams, who accompanied the Minister in his visit to Nissan Casting’s premises, said the funding will also allow the company to create 14 new jobs and transition 27 roles.

“Nissan Casting is a proud local supply chain company, and we’ll continue to get behind these businesses to support their future growth,” Ms Williams added.

“I encourage local manufacturing businesses in the south-east to apply for assistance to grow their businesses and create jobs.”