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Advanced Manufacturing Growth Fund Grant
Fifteen Victorian companies will share in almost $30 million in funding to establish and expand advanced manufacturing activities in Victoria.
Michael Sukkar, Federal Member for Deakin, welcomed the announcement today that CNC Design Pty Ltd, located in Nunawading, has received a funding offer for $549,450.
The funding is part of the $47.5 million Advanced Manufacturing Growth Fund, which is designed to support investment in advanced manufacturing projects.
Mr Sukkar said the injection of funds will help CNC Design become more competitive by allowing them to invest in advanced manufacturing.”
“It will also help transition Australia’s manufacturing sector from traditional, heavy industrial processes to knowledge based manufacturing of higher value products,” he said.
Around $15.3 million of funds are available for a further round of the program to be opened later this year.
For details, visit www.business.gov.au
Media contacts: Office of Michael Sukkar MP 03 9874 1711