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Trajan Scientific and Medical invests in high value manufacturing
Michael Sukkar, Federal Member for Deakin, has congratulated Trajan Scientific and Medical on its commitment to high value advanced manufacturing.
Trajan Scientific and Medical, a local success story, located in Ringwood, is amongst eleven Victorian manufacturers that will benefit from $27.4 million in grants announced under the Next Generation Manufacturing Investment Programme.
Grants offered to the successful Victorian businesses range from $756,000 to $5 million. Trajan has received $756,195 to help it with a $1.8 million project to develop its high precision advanced medical manufacturing.
Minister for Industry, Innovation and Science Christopher Pyne said complementary investment by each company involved in the programme would bring the total investment in high value manufacturing in Victoria, under the programme, to $75 million.
“The Government is committed to ensuring a strong and sustainable manufacturing industry in Australia by helping businesses innovate and diversify for the future,” Mr Pyne said.
“This $75 million investment will help to stimulate economic activity, build advanced manufacturing capabilities and increase business competitiveness in Victoria.”
Michael said the programme would help businesses with capital investment projects directed towards new or expanded high value manufacturing activities.
“I’m pleased that there’s been such a strong response from a diverse range of businesses and I congratulate Trajan on their successful application,” Michael said.
“It is excellent to see local firms keen to invest in extending their capability, ensuring they can remain competitive and reach new markets.”
The $60 million Next Generation Manufacturing Investment Programme is a key part of the Australian Government’s $155 million Growth Fund, for employees and businesses affected by the closure of automotive manufacturing operations in South Australia and Victoria.
The Victorian grants follow the announcement in August of $28.8 million in grants to assist 15 South Australian companies invest around $73 million in high value manufacturing.
For more information, visit www.business.gov.au/NextGenRecipients