The program supports regional business investment, and targets businesses that make a significant economic and employment contribution at a local level.
Industries for Today and Tomorrow facilitates the development of regionally-based businesses with high growth potential and encourages new industry investment in regional locations.
Targeting businesses that make a major contribution to regional economic output, support will be targeted around activity that addresses:
- business growth through new investment, adoption of new technology and innovation
- market development
- regional industry skills.
Industries for Today and Tomorrow targets regionally-based businesses, or businesses considering a regional location, making a significant economic and employment contribution at local (e.g. town), regional and or state level.
The Program will primarily target medium to large businesses that make a significant contribution to regional economic output, building on regional strengths and comparative advantage.
Groups of companies and other organisations such as industry associations, education and research institutions are also eligible to apply provided the basis of their application is the development and growth of regional businesses.
Do You Have High Growth Potential?
Eligible businesses will exhibit high growth potential as a result of:
- investment projects resulting in job creation and capital investment
- demonstrated innovative capacity or potential through its use of advanced technology, skills and leading edge business processes and practices
- demonstrable export market development opportunities
- potential to occupy a strategic position within local, regional or global industry structures or supply chains
- operating in an industry sector of regional comparative advantage.
Applications will be received throughout the year on an ongoing basis. Businesses and organisations applying for support under the Program will be required to meet with DBI regional business development managers to discuss eligibility and their future business growth objectives.
Writing a good quality grant application is a critical element in the application process. An application needs to be well thought through, written concisely, have clear objectives and purpose, and show clear links to the objectives of the grant guidelines.
The grant application must answer all questions, provide all required information and respond to the merit criteria. It should also reflect your organisation’s business strategy.
Writing a good application takes time and effort, and requires particular writing skills.
Bulletpoint are expert grant consultants and can assist with all aspects of grant preparation. We are an independent grants consultancy and not affiliated, associated nor endorsed by any government agency.
We know what it takes to secure this grant.
Contact us to see how we can assist you.
A new UHT milk processing facility at Pactum Dairy in Shepparton was opened today, following an investment of $950,000 by the Victorian Coalition Government.
Deputy Premier and Minister for Regional and Rural Development Peter Ryan joined Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss to open the new $42 million facility.
Mr Ryan said the Victorian Coalition Government invested $700,000 from the Industries for Today and Tomorrow program to support the development of the Ultra High Temperature (UHT) milk processing facility, enabling it to process up to 100 million litres of milk within the next three years, bringing economic benefit to the region and Victoria.
He said a further $250,000 from the Coalition Government’s $1 billion Regional Growth Fund aided the extension and connection of natural gas to the Shepparton site.
“The Victorian Coalition Government’s $950,000 investment has helped attract a business to Shepparton which could otherwise have gone elsewhere,” Mr Ryan said.
“The new facility builds on one of the natural advantages of the region – dairy – to export our product to the world, creating new local jobs.
“With overall sales at around $100 million, Pactum Dairy also has the potential to export up to $37 million worth of produce to the Chinese market.
“This investment is a win for the Shepparton and we’re proud to be part of it.”
Mr Ryan said the project had already generated 35 full-time jobs, growing to 52 full-time jobs over the next three years.
“The Coalition Government is proud to support regional jobs and regional industries, particularly in the Goulburn Valley where investment such as those at SPC Ardmona and Rubicon have created new jobs and secured existing workforces,” Mr Ryan said.
Mr Truss said it was crucial for businesses in regional areas to tap into global supply chains.
“Pactum Dairy Group is capitalising on new opportunities presented by new and emerging markets, creating fresh prospects for the regional and national economies,” Mr Truss said.
“This facility is a great example of strategic, well-planned and well-executed infrastructure that will improve the competitiveness of the region’s dairy sector and underpin new jobs and economic opportunities for the Shepparton region.”
Mr Ryan said the overall $42 million investment in the new UHT milk processing facility, and gas extension was an example of projects that strengthened the economic base of regional Victoria, as intended through the $1 billion Regional Growth Fund.
“Since it was established in 2011, the Regional Growth Fund has delivered almost $400 million, generating over $1.6 billion of total investment across more than 1400 projects.”
Mr Ryan said in the City of Greater Shepparton, the Regional Growth Fund had provided almost $10 million to 25 projects, leveraging around $95 million in total investment. Those projects included:
- $2 million for the $6.57 million Mooroopna West Growth Corridor project;
- $700,000 for the $2.37 million Vaughan Street Precinct Urban Renewal and Redevelopment Project; and
- $600,000 for the $900,000 Fairley Leadership Program for the Goulburn Valley.