In the latest round of Modern Manufacturing Initiative (MMI) funding, Prime Minister Scott Morrison announced an additional $33 million to support Australian-made food and beverage businesses.
Seven Australian companies will share in the funding, which will unlock new manufacturing opportunities, boost production, and create more jobs across the country.
The funding is part of the $1.3 billion Modern Manufacturing Initiative, which was launched during the peak of the pandemic to support the rebuilding of the ailing sector.
“Liberals and Nationals will continue to protect and grow manufacturing jobs to secure Australia’s economic recovery,” the Prime Minister said.
“More than one million Australians are once again employed in manufacturing and we want businesses to be successful and create even more jobs.
“Under Labor, one in eight manufacturing jobs were lost and Australians can’t risk this sort of economic mismanagement as we begin to open up again.”
The Food and Beverage recipients under the Initiative are Sabrini Foods (VIC, NSW, SA), Bulla (VIC), Plenty Foods (QLD), Turbine Sunshine Coast (QLD), Mulgowie Fresh (QLD, VIC), Sullivans Cove Distillery (TAS), and Ennio (SA)
Food and Beverage is the fourth priority sector identified by the MMI to receive investment, following $100 million invested in Space, Medical Products, Resources Technology, and Critical Minerals Processing announced in July.
Food and beverage production is also Australia’s largest manufacturing sector, employing one in every four manufacturing workers and providing over $22.4 billion to Australia’s economy.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said these grants would bolster the thriving food and beverage sector and unlock further significant investment from the sector.
“This funding will help some of the most innovative producers leverage technology to increase their production while meeting growing export demand and creating new local jobs,” Minister Taylor said.
“Not only will this funding help maximise the agricultural advantages we enjoy, but it will also help regional Australia and the supply chains that operate throughout it.”
Funding across the remaining areas of Recycling and Defence is likely to be announced soon.
To learn more about the Strategy and the MMI, visit www.industry.gov.au/manufacturing