Media Releases

10
Oct
2018

Liberal Nationals will take back control of economy through innovation

A Matthew Guy led government will provide $9 million in grants to drive innovation and help take back control of Victoria’s economy.

Under a Liberal Nationals Government, regional Victorian businesses will benefit from the Innovation Voucher Program which will unlock critical investment to deliver a diverse, innovative and collaborative economy.

This program will unlock up to $18 million in commercial investment through $9 million of Government grants. Grants will be matched dollar-for-dollar and awarded to industries participating in six areas of Victorian competitive advantage, including advanced manufacturing and renewables.

Daniel Andrews has lost control of population growth and lost control of Victoria’s economy.

The Liberal Nationals will take back control and create the jobs and opportunities for Victoria’s future.

Today in Morwell, Shadow Minister for Innovation David Southwick and Melina Bath, Member for Eastern Victoria Region visited Hydro Australia to discuss the program and its application for Latrobe Valley based businesses.

Hydro Australia is based in Morwell and provides pump users across Australia and South East Asia with value-added services and engineering solutions to improve pump reliability, extend pump life and reduce pump life cycle costs.

Michael Cooper General Manager Hydro Australia welcomed the announcement stating that after 20 years in business they recognise the importance of being proactive, adapting to changing business environments and maintaining a competitive edge.

With 40 current employees, Hydro Australia is looking to continue its expansion into new markets, further develop its business model and deliver new, innovative engineering products to market.

Victoria’s advanced manufacturing and renewable industries will be a key driver of innovation and growth across regional Victoria. These grants will support local businesses such as Hydro Australia develop new products and expand into emerging markets.

The Liberal Nationals are committed to strengthening and growing Victoria’s regional advanced manufacturing and renewable industries under our Innovation Voucher Program.

Comments attributable to Shadow Minister for Innovation, David Southwick:

“Daniel Andrews has lost control of population growth and has lost control of Victoria’s economy, leaving Regional Victoria to lag behind.

The Liberal Nationals will take back control by driving innovation and decentralisation in Victoria’s economy.

Only the Liberal Nationals have a plan to decentralise Victoria’s population and jobs growth.”

Comments attributable to The Nationals Candidate for Morwell, Sheridan Bond:

“Latrobe Valley is renowned for its highly skilled engineering workforce and our innovation vouchers will enable local industries to continue to grow their competitive advantage and develop a strong local economy and employment opportunities.”

Comments attributable to Liberal Candidate for Morwell, Dale Harriman:

“It is important that small to medium enterprises are provided with the support and framework to collaborate with others and provide a platform to succeed on the world stage.”

Media contact:         Alexander Woff       0434 972 166          alexander.woff@parliament.vic.gov.au

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