Coffs businesses benefit from $3.4 million regional funding boost
29 January 2018
Joint release with:
Federal Member for Cowper
- Successful projects in the Cowper electorate announced under the Regional Jobs and Investment Packages
- The $220 million initiative is designed to stimulate job creation and investment in regional Australia
- Three projects, totalling $3.4 million, will be delivered in Coffs Harbour.
Local Coffs Harbour businesses have received a major boost, and a kick start to 2018 with the Coalition Government announcing $3.4 million in funding to help deliver more local jobs under the Regional Jobs and Investment Packages.
Minister for Regional Development, Territories and Local Government John McVeigh said the initiative was part of the Coalition Government's commitment to back jobs in regional Australia and drive economic growth across the Mid North Coast.
“Everything the Coalition Government does is focused on backing local business and local communities to get ahead. Thanks to Luke Hartsuyker's relentless advocacy we have been able to deliver $3.4 million for local businesses which will create more than 60 new construction jobs and 140 ongoing jobs,” Dr McVeigh said.
“After an extensive assessment process involving strong community input, three projects totalling $3.4 million will be delivered in Coffs Harbour, providing residents with a range of employment and investment opportunities.
“The Coalition is committed to strengthening regional Australia by investing in key projects that support their economic future. We are backing these local businesses so they can invest more and employ more and continue to thrive.
“This $220 million pilot program, being rolled out in 10 regions across the nation, has been designed to diversify regional economies, particularly those that have undergone large structural changes, to help drive economic growth and job creation in these communities,” said Dr McVeigh.
Federal Member for Cowper Luke Hartsuyker said he was pleased to see the Coalition Government investing in key projects that would allow the region to reach its economic potential, create jobs and support the local economy for years to come.
“I have a long history fighting for my community and I am very proud our region secured a Regional Jobs and Investment Package, with the three successful businesses highlighting both the innovation and future business prowess of the region,” Mr Hartsuyker said.
“Faircloth & Reynolds is a fantastic local business which has evolved from a two men and a ute operation into a successful company that employs hundreds of locals. This project will upgrade their manufacturing capacity, allowing them to service more modern premises and employ more local people.
“Oz Group is another success story for the Mid North Coast. Australian blueberry exports continue to go from strength to strength, and this grant will enable them to increase their processing capacity and take advantage of lucrative new trade opportunities in Asia and generate more jobs on the Mid North Coast.
“We will see the establishment of an advanced manufacturing facility for the delivery of building and façade systems in Coffs Harbour, which will provide 14 jobs during construction and 100 jobs post-construction.
“I congratulate these successful businesses and look forward to seeing these projects supporting the economic resilience of our city for years to come.”
|Successful projects under the Regional Jobs and Investment Packages: Cowper|
|Successful recipient||Project||Grant Approved|
|Faircloth & Reynolds Pty Ltd||Upgrade manufacturing capacity to produce ovalised ductwork and Enviropac air-conditioning units, which will allow the company to better service modern building designs.||$2,009,008|
|Oz Group Trading Pty Ltd||Streamlining and updating blueberry-processing equipment at this farmers' cooperative to increase processing capacity. This upgrade will increase competitiveness in the export markets such as South East Asia and Canada.||$1,050,000|
|Stonelake Pty Ltd||Establishing a manufacturing facility to commercialise the patented Buildonix façade building system and increase local production of building materials.||$338,216|