From Wynyard, Little Swanport and Hobart, to Quoiba, Ulverstone and Geeveston, 11 local advanced manufacturers are the latest to share in almost $1 million funding to help grow their businesses.
Recipients of the fourth round of the Advanced Manufacturing Accelerating Growth Program have been announced today.
Minister for Advanced Manufacturing and Defence Industries, Madeleine Ogilvie, said the fourth and final round of the program has taken the total number of businesses supported to 34, sharing in 38 separate grants worth more than $3 million.
"This program has encouraged innovative advanced manufacturers to invest in equipment to support growth into new markets or expand current ones, whether they are interstate or overseas," she said.
"The latest round sees almost $870,000 going to 11 businesses, with more than half located in regional areas.
"Today's successful applicants represent diverse businesses working in food production, engineering, equipment manufacturing and precision machining, to name a few.
"From Wynyard, Little Swanport and Hobart, to Quoiba, Ulverstone and Geeveston, projects receiving funding stretch right across the state.
"It is particularly important that our regional businesses have support that helps expand their operations as they are some of the biggest supporters of jobs and growth in many small communities around Tasmania.
"The latest round of funding alone is expected to generate almost $2.7 million in total investment, a more than 3-to-1 return on our outlay. It is also anticipated to generate more than 33 FTE new manufacturing jobs locally.
"This means that over the life of the program our funding has generated some $12.02 million in investment overall, a return of $3.93 for every dollar we have put in."
Manufacturing is one of the largest private sector contributors to gross state product, generating more than $2.01 billion.
The sector employs more than 18,000 people directly and it is estimated to generate a $3.2 billion in flow-on benefits, generating an additional 31,400 non-manufacturing jobs.
Advanced Manufacturing Accelerating Growth Grants program – Round 4
Successful applicants
Company |
Funding amount |
Purpose |
Sedwyn Pty Ltd |
$69,520 |
To assist with the continued expansion of manufacturing capability of high technology equipment, including oyster grading and water cremation technologies. |
Aqua Clean Tas Pty Ltd |
$70,000 |
To assist with the development of a mini net cleaning machine for smaller fish farms. |
Van Diemens Land Creamery Pty Ltd |
$33,750 |
Production line automation for a specialised nutritional product. |
JW Engineering & Construction Pty Ltd |
$100,000 |
To assist with enhancement of JW Engineering's multi axis CNC machining capability to the most advanced level to meet the needs of Defence industry clients in Victoria and electric vehicle manufacturers around the world. |
Tasman Sea Salt Pty Ltd |
$100,000 |
To assist with the expansion of Tasman Sea Salt to increase production capacity and improve energy efficiency, enabling the business to build a stronger sales base, expand into new markets and territories and increase employment opportunities within the business. |
Regnel Pty Ltd |
$89,245 |
To assist with the expansion of industrial additive manufacturing with state of the art digital and 3D printing technologies. |
Eye Spy Signs Pty Ltd |
$70,000 |
To assist with the development of new manufacturing capabilities for Tasmania for products which can be used extensively within our state and provide opportunities for new markets within Australia and overseas. |
Definium Technologies |
$100,000 |
To assist with the purchase of a second production line to allow simultaneous manufacture of products for multiple clients |
Island Berries Tasmania Pty Ltd |
$35,023 |
To assist with the increased production capacity and lower unit costs to meet market demand through advanced manufacturing improvements. |
Cripps Nubake Pty Ltd |
$100,000 |
To assist with the expansion and sustainability of Cripps through increased automation and modernisation of critical infrastructure. |
Harcor Industries Pty Ltd |
$100,000 |
To assist with the expansion of our Advanced Manufacturing CNC machining capabilities to increase off island competitiveness in Defence and other industries. |
