From Ice Cream to Whiskey, MMI’s Latest Funding Round Offers
Prime Minister Scott Morrison said the seven companies funded in the latest $ 1.3 billion Modern Manufacturing Initiative (MMI) round would boost jobs and innovation in manufacturing ‘food and drink.
The companies are:
- Sabrina Foods (VIC, NSW, SA): $ 1.4 million to become the first local manufacturer to transform dairy products into extended shelf life dairy products and frozen paneer, overcoming one of the export constraints;
- Bulla (VIC): $ 4.5 million for a facility specially designed to manufacture new lines of ice cream for the domestic and export markets;
Lots of food (QLD): $ 9 million to turn Australian walnuts into locally made protein nut meal;
- Sunshine Coast Turbine (QLD): $ 8.7 million to establish a large-scale contract R&D center and beverage manufacturing plant;
- Fresh mulgowie (QLD, VIC): $ 5.1 million to expand its processing capacity and processing capacity of sweet corn and beans, increasing its supplies both at home and in Southeast Asia;
- Sullivans Cove Distillery (TAS): $ 3.3 million for the construction of its new production facility, which will also serve as a tourism experience; and
- Ennio (SA): $ 1.3 million to develop its world’s first patented technology for manufacturing fillets and casings specifically for the global meat and poultry industry.
In July, 37 food and beverage companies received $ 25.3 million in the second round of grants.
Food and beverage production is Australia’s largest manufacturing sector, employing one in four manufacturing workers and contributing an estimated $ 22.4 billion to our economy.
Industry, Energy and Emissions Reduction Minister Angus Taylor said the grants would unlock other important investments from the sector.
âThis funding will help some of the most innovative producers to take advantage of technology to increase their production, while meeting growing export demand and creating new local jobs. Not only will this funding help maximize the agricultural benefits we enjoy, but it will also help regional Australia and the supply chains that operate there. Taylor said.
Food and Beverage is the fourth round of funding in priority areas identified under the MMI, and follows $ 100 million invested in space, medical products, resource technology and mineral processing. reviews announced in July.