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Four new jobs, export boost for Cheltenham

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October 16, 2014

The Victorian Coalition Government has awarded Dagan Trading Pty Ltd of Cheltenham a $132,750 new technology grant to help it boost productivity, create new jobs and increase export sales.

The Member for Sandringham Murray Thompson today congratulated the gourmet food business for its success in winning a grant under the Victorian Coalition Government’s Investing in Manufacturing Technology (IMT) program.

“Dagan Trading will invest the grant to help it purchase two new packing machines and a vegetable cutter to add to the capabilities and productivity of its Cheltenham facility,” Mr Thompson said.

“The IMT grant will help create four new jobs, transition four existing employees to higher value roles and increase the company’s export sales by $20,000.”

The companies were among the latest 33 Victorian manufacturers awarded a total $6.1 million in IMT grants recently announced by the Minister for Manufacturing David Hodgett.

“Since the Coalition Government established the IMT program in 2012, we have awarded a total of $20.2 million to 114 Victorian manufacturing companies to encourage and support them to invest a combined $94.8 million in new technologies,” Mr Hodgett said.

The IMT program has proved highly successful in supporting Victorian manufacturing companies with grants of up to $250,000 to invest in new technologies to enhance their business performance and provide significant benefits to the Victorian and local economies.

“With support from our IMT program, Victorian manufacturers have created a total of 700 new jobs and transitioned another 730 jobs to higher value roles. Significantly, these projects are expected to generate a combined $119 million in new exports.”

“Supporting manufacturing companies under the IMT program is part of the Coalition Government’s work to ensure Victoria remains a global hub of excellence in manufacturing, and a rich source of jobs, with profitable large and small businesses and substantial exports,” Mr Hodgett said.

These initiatives build on Victorian Jobs in the 21st Century, which commits $274 million to grow Victorian manufacturing, particularly in the high-end and knowledge-intensive sectors such as pharmaceutical manufacturing, food production, nanotechnology and robotics.

The plan will create 200,000 new jobs, 60,000 new apprenticeships and 850,000 new training places.

The plan also includes the $30 million Manufacturing, Innovation and Technology Fund which will help businesses meet the cost of sourcing professional expertise in research, design, engineering and technology.”