$1 billion Budget investment to support Maranoa manufacturing growth

April 4, 2022

Federal Member for Maranoa David Littleproud says Maranoa’s manufacturing sector is set to benefit from the Federal Coalition’s $1 billion Budget investment in Australian manufacturing.

“Our Government knows the value of on-shore manufacturing and the benefits it offers to our nation’s businesses, which is why our Budget includes an additional $1 billion for manufacturing – this builds on our $1.5 billion commitment through the Modern Manufacturing Strategy.”

“This commitment to Australian manufacturing will secure supply chains and jobs during a period of heightened global uncertainty, as our Government works in partnership with industries to build a strong, modern and resilient national manufacturing sector.”

Mr Littleproud highlighted the additional $750 million Budget investment into the Modern Manufacturing Initiative to support transformational manufacturing projects and to catalyse private sector investment in Australian manufacturing.

“The Modern Manufacturing Initiative has already supported major projects across Maranoa, including more than $9 million for Kingaroy Plenty Food’s nut flour processing facility, which will produce new export products, increase farmer returns and create 98 full time jobs,” he said.

“Additionally, FarmN Pty Ltd was awarded more than $200,000 in funding to support supply chain collaboration for a local nitrogenous fertiliser manufacturing plant at Macalister, which is a real boost for the region and will reduce Australian farmers’ reliance on imported fertiliser products.”

Mr Littleproud also highlighted the additional $200 million in funding as part of the Regional Accelerator Program to strengthen supply chain resilience and sovereign manufacturing capability, with an extra $53.9 million committed for Round 3 of the Manufacturing Modernisation Fund to help small and medium manufacturing businesses.

The Regional Accelerator Program will co-fund capital investments by manufacturers across the National Manufacturing Priority areas to adopt new technologies enabling them to scale up, grow and compete internationally.

“An additional $4.7 million will also support women to build careers in Australian manufacturing, contributing to a strong, diverse and skilled manufacturing workforce for the future,” he said.

“Overall, these investments present important opportunities and support for Maranoa’s manufacturers to grow and develop to reach their full potential. It also means reliability in product availability and job opportunities for our regions.”