The Hodgman Liberal Government is delivering funding for eight new projects which will help revitalise regional economies and create jobs.
$5 million in funding has just been awarded through the latest round of the Regional Revival Fund to projects which will create around 95 direct jobs during the investment phase as well as an estimated 170 ongoing positions.
Among the successful recipients is FH Management in Westbury who will receive $200,000 to allow for a $628,000 expansion and enhancement of their existing manufacturing facility which produces environmentally sustainable insulated panels for floor and roof construction.
The panels are an innovative and unique building product utilising Tasmanian planation timber resources.
The project will enable FH Management to meet current and expected building industry demand for what is a home grown product, creating eight jobs during construction and nine ongoing permanent jobs.
The aim of the Regional Revival Fund is to unlock the development potential of major private sector projects that are currently sitting idle due to cost constraints.
The eight new projects will deliver a total of $16.8 million in direct investment through our partnership model which requires joint funding from project proponents or other partners.
A condition is that development must commence within 12 months of finalising the necessary contractual arrangements.
The latest Regional Revival Fund projects build on our previous commitment to supporting regional economies with a total of $2.8 million going to construction of the Southern Waste Solutions C-cell controlled waste facility in Copping and the upgrade of JBS Australia‘s Devonport Abattoir.
We know more needs to be done to create jobs and drive growth and opportunities for Tasmanians and that is what the Regional Revival Fund is all about.
Details relating to the eight projects:
Project | Location | Proponent | Description | RRF contribution | Total investment | Estimated job creation during development | Estimated ongoing job creation |
Hellyers Rd Distillery | Burnie | Whisky Tasmania Pty Ltd | $1.01 million upgrading of bottling line and related infrastructure to service increased sales growth and demand for single malt products. | $250 000 | $1 010 000 | 6 | 5 |
Meander Valley Berries | Hillwood | RB and KJ Dornauf | $2.205 million expansion of existing berry farm (strawberries 10ha to 15 ha, raspberries 5ha to 7.5ha) through the purchase and installation of poly tunnels, growing tables, substrate and irrigation systems. | $600 000 | $2 205 000 | 10 | 79 |
Udderly Tasmanian | Ouse | The Cow Care Company Pty Ltd | $1.45 million project involving new visitor experience integrated within an expanded dairy farm. | $200 000 | $1 450 000 | 9 | 10 |
Ettrick Rocks | King Island | Samange Pty Ltd trustee for Guidice Family Trust | $1.4 million project involving the development of new luxury accommodation on King Island. | $200 000 | $1 400 000 | 4 | 3 |
St Helens Point Holiday Park | St Helens | Growth Developments Pty Ltd | $5.1 million project involving construction of new holiday park facility, comprising 16 self-contained luxury cabins, 20 powered sites and 8 unpowered sites, with opportunities for further expansion. | $250 000 | $5 100 000 | 40 | 18 |
Redlands Distillery | Kempton | Redlands Estate Distillery Pty Ltd | $1.2 million development of new whisky and spirits distillery, cellar door and visitor centre. | $200 000 | $1 227 000 | 9 | 9 |
Insulation Panel Project | Westbury | FH Management Pty Ltd | $628 000 expansion of an existing manufacturing facility to increase production of innovative prefabricated modular building panels. | $200 000 | $628 000 | 8 | 9 |
Murrakei Berry Fruits | Red Hills | Murrakei Family Trust | $3.8 million poly tunnel project to increase the strawberry production system at existing farm, including 2.4 ha of raspberries and blackberries and new cool store facility. | $300 000 | $3 800 000 | 8 | 37 |