Business operators across the Bundaberg Region with capacity to grow are encouraged to attend an information session on the Federal Government’s Modern Manufacturing Strategy.
AusIndustry, with the support of Bundaberg Regional Council will be hosting the information session on the strategy which was released as part of the 2020-21 budget.
The 30 November session will cover information directly related to how businesses can apply for grants from the Manufacturing Modernisation Fund.
Mayor Jack Dempsey said getting the wheels of industry turning is the most effective means of driving the economy to recover from the COVID-19 pandemic.
“Manufacturing is the key to almost every supply chain and adds value across all sectors including the areas of diversified production evident in the Bundaberg Region,” he said.
“Bundaberg has a strong and impressive history aligned with manufacturing and the enterprises that have recently emerged in locations like Childers and Gin Gin support the core industries that emanate out of Bundaberg.
“Manufacturing contributed $348 million to the regional economy in 2018-19 and employs approximately 3400 workers.”
Mayor Dempsey said the strategy, which is part of the Government’s JobMaker plan, has been developed to help Australian manufacturers to scale up their operations, build more resilient supply chains and improve competitiveness.
“The Federal Government is committing up to $52.8 million to the Manufacturing Modernisation Fund (MMF) program and it would be an incredible boost to local businesses if some of those funds supported growth in our manufacturing sector,” he said.
Deborah Mead from AusIndustry Business Services said this is the second round of MMF and funding will look to support approximately 150 firms that align with the National Manufacturing Priorities.
“The program will offer large-scale grants of $100,000 to $1 million on a 3-to-1 funding basis as well as support for transformative investments in technologies and processes,” she said.
The Modern Manufacturing Strategy and funding Information session will be held at the Bundaberg Multiplex on Monday, November 30 from 10am to 11am.
Registrations for the session can be made here.
A comprehensive overview of the Modern Manufacturing strategy is located here.