SEMMA is pleased to announce that three of our manufacturing members Extel Technologies, Lepol Metal Work and Total Precision have been awarded grants under the ‘Made in Victoria – Manufacturing Growth Program’ by the Victorian Government. Read the official announcement from Business Victoria here.
The Manufacturing Growth Program is an economic development initiative aimed to empower SMEs by providing grants of up to $250,000. These grants serve to facilitate the integration of advanced technology, boost productivity, enhance global competitiveness, and create new employment opportunities in the manufacturing sector. Read our LinkedIn post here.
These grants don’t just benefit individual companies, but also hold significant implications for the industry as a whole.
Fostering Innovation and Growth
Grants offer an avenue for businesses to invest in cutting-edge technology and foster innovation. Our recipient members have taken this opportunity to accelerate their growth, contributing to the overall development of the manufacturing sector.
Job Creation
Job creation is a key and frequent aspect to government funding programs. When businesses upgrade their operations and expand their capability, this creates new job opportunities.
Global Competitiveness
By equipping businesses with the resources they need to compete on a global scale, funding programs like these serve to bolster the international competitiveness of the Victorian manufacturing sector, and in turn, strengthens the state’s economy.
Community and Industry Development
Supporting local businesses through grants not only benefits individual companies but also fosters community development and encourages industry collaboration.
SEMMA Member Extel Technologies, located in Mount Waverley VIC
Congratulations again to Extel Technologies, Lepol Metal Work and Total Precision for their proactive approach to grants and commitment to growth.
This highlights the importance of businesses taking advantage of government initiatives designed to support manufacturers. We encourage other businesses within the south east Melbourne manufacturing community to explore similar opportunities.
