THE HON. GREG HUNT MP
Federal Member for Flinders
Minister for Health and Aged Care
THE HON. CHRISTIAN PORTER MP
Federal Member for Pearce
Minister for Industry, Science and Technology
JOINT MEDIA RELEASE
The Morrison Government is supporting local company Sealite Pty Ltd with a grant of $119,456 to increase its competitiveness and productivity, while also helping to grow local jobs.
The grant is being delivered under round two of the Government’s Manufacturing Modernisation Fund (MMF), which is providing grants totaling $55 million to 86 projects around Australia – to help small and medium sized manufacturers invest in capital equipment and new technologies, while improving the skills of their workers.
Federal Member for Flinders the Hon Greg Hunt MP congratulated Sealite Pty Ltd and said the grant would help the business create greater efficiencies by transforming and upgrading their manufacturing operations.
“I’m delighted to see local manufacturing on the Mornington Peninsula become more competitive and productive,” Minister Hunt said.
“This grant will help Sealite Pty Ltd to modernise its business through state-of-the-art automated electronic circuit boards capability, potentially creating new opportunities and local jobs.”
“Sealite Pty Ltd is one of the Mornington Peninsulas great success stories – being born and bred right here – which is why it’s fantastic to be supporting them into the future.”
Chris Procter, Chief Executive Officer of Sealite Pty Ltd commented “This funding was much appreciated and the whole team at Sealite look forward to putting the funding to work.”
Minister for Industry, Science and Technology, Hon Christian Porter MP, said the grants are a central element of the Government’s $1.5 billion Modern Manufacturing Strategy and will help drive growth in the Australian manufacturing sector.
“This new MMF funding round underlines the Government’s commitment to increasing the competitiveness and productivity of Australian manufacturers,” Minister Porter said.
“By encouraging businesses to enhance their operations through investment in cutting-edge technologies we’re also supporting them to create new job opportunities, boost economic growth and build a highly skilled manufacturing workforce.”
Businesses which receive MMF grants are required to match government funding on a three-to-one basis, with government grants funding up to 25 per cent of eligible project expenditure.
The grants are to help small and medium sized manufacturers invest in capital equipment and new technologies, while improving the skills of their workers.
MMF round two was a competitive merit based grants program, with applications assessed by a committee of independent industry experts.
The six National Manufacturing Priorities of the Strategy are: Resources Technology and Critical Minerals Processing, Food and Beverage, Medical Products, Recycling and Clean Energy, Defence and Space.
For a full list of successful recipients under the Manufacturing Modernisation Fund round two, visit www.business.gov.au/MMF