The Liberal Government’s number one priority is jobs, that’s why we are partnering with the Federal Government to establish a new fund to leverage private investments that will create jobs and help grow the Tasmanian economy.
The Tasmanian Government will partner with the Federal Government and invest an additional $8 million, on top of the $16 million from the Federal Government formerly allocated to Cadbury, to create a new jobs and investment fund.
The fund will support private investment on a $2 to $1 basis, and could leverage up to $72 million in job creating projects for Tasmania.
While the fund will be open to all applications from all industry areas, it will be targeted to our key competitive strengths in tourism, agriculture and aquaculture, and advanced manufacturing.
With Tasmania’s economy growing, retail spending up, a strong construction sector and a booming tourism and hospitality industry there really is no better time to invest in Tasmania.
Detailed funding guidelines will be developed over coming months, with the aim of the fund being open for applications before the end of the year.
This is a major investment and another dividend of the state and federal governments working together to create more jobs and economic growth in Tasmania.
The State Government's $8 million contribution is new money and will be budgeted across three years from 2015-16 to 2017-18.
This additional job-creating funding is only available because of our strong action in bringing the budget back under control.