Local businesses in Lyons are being encouraged to create projects to diversify the local economy, with an application under the Australian Government’s $11 million Innovation and Investment Fund for Tasmania, said Eric Hutchinson MP, Federal Member for Lyons.
“This fund is an important part of a regional economic diversification package for Tasmania and will support local businesses to deliver sustainable industry opportunities, help diversify Tasmania’s economy and create new jobs,” he said.
“I meet regularly with local business owners and operators in our area, and while they recognise there are challenges in our region, they’re also very keen to see new economic growth, new jobs and long-term business opportunities created in the region.
“The fund is part of a $106 million Australian Government package aimed at stimulating economic growth and new jobs in Tasmania, in addition to other initiatives under the Government’s Economic Growth Plan for Tasmania.
“The Australian Government is working with the local community to help strengthen industries across Tasmania to become more competitive by investing in technology, modernisation and business capacity building.
“The fund will stimulate real action to build a strong and prosperous Tasmania by making a difference in terms of growth, jobs and raising living standards.”
Applications will be assessed to ensure they represent value for money. Grants, from a minimum of $50,000, will be awarded through a competitive, merit-based process to ensure that funded projects are commercially robust.
“The Government recognises the importance of reinvigorating the Tasmanian economy and identifying new opportunities. We are determined to create the right environment to facilitate new investment. We’ve scrapped the carbon tax and we are getting rid of red tape and other disincentives for investment,” Mr Hutchinson said.
The Australian Government is delivering on its election commitment for an economic package for Tasmania, with a range of initiatives to support a strong and prosperous local economy including $38 million to expand Hobart International Airport, $24 million to establish a new Centre for Antarctic and Southern Ocean research and $400 million to upgrade the Midland Highway.
Alongside this investment, the newly opened Tasmanian Major Projects Approval Agency is working as a one-stop-shop to assist investors on projects worth more than $50 million.
For more information visit www.business.gov.au, call on 13 28 46 or email email@example.com
Eric Hutchinson Federal Member for Lyons