Regional Tasmanian businesses will be strengthened by a new funding programme announced today.
Federal Member for Lyons Eric Hutchinson has urged local firms to apply for a share of the $24 million Tasmania Jobs and Investment Fund. The fund is designed to help secure business growth and job opportunities needed to strengthen Tasmania’s economy.
“The fund will offer support for regional Tasmanian businesses looking at sustainable growth and innovation,” Mr Hutchinson said.
“The intention of the fund is to support applicants co-invest in capital projects by contributing one dollar for every two invested by the business.
“The minimum grant amount of $50,000 might, for example, involve buying new equipment. This is a significant opportunity for businesses to plan for the future and create jobs and investment in regional Tasmania.”
The Jobs and Investment Fund is an important addition to existing measures supporting growth in Tasmania.
The Turnbull Liberal Government is building on the $106 million already being invested under the Economic Growth Plan for Tasmania. Under this plan, a $13 million Innovation and Investment Fund is expected to generated over 400 jobs and deliver $27 million in matching investment by local businesses.
Applications to the Tasmania Jobs and Investment Fund will be assessed on merit by a panel of representatives from the Australian and Tasmanian Government and the Tasmanian business sector.
Applications close on 12 February 2016. For more information visit www.business.gov.au/TJIF, call on 13 28 46 or email [email protected]
FEDERAL Lyons MP Eric Hutchinson
