17 May 2023 News

Supporting low carbon manufacturing in Bayswater North

Victorian manufacturers are being helped to make products and components that support decarbonisation and net zero emissions through grants from the Andrews Labor Government.

Nine companies have been announced as recipients of the Business Growth stream of the Low Carbon Manufacturing Grants Program, an initiative to help Victorian businesses compete in a low carbon economy while strengthening the state’s supply chain resilience.

The Business Growth stream assists companies to purchase or develop new equipment, skills or technology that will enable them to make products or components that support the transition to net zero emissions.

Among the recipients is Gasco PTY LTD from Bayswater North.

The grant recipients will share a total of $1.4 million in funding, with companies receiving grants of between $50,000 and $250,000.

Victoria’s $31 billion manufacturing industry is made up of more than 23,000 businesses, supports more than 260,000 jobs, and provides around 30 per cent of Australia’s manufacturing output.

Investment in zero emissions products and technologies is creating major opportunities for Victorian manufacturers to boost the state’s manufacturing capabilities and reduce carbon in the economy.

The Made in Victoria 2030: Manufacturing Statement outlines the Victorian Government’s vision and actions to ensure the state continues to be a place for advanced manufacturers to grow and thrive, including in key sectors such as low-emissions and renewable energy.

The Labor Government is also supporting manufacturing through a range of initiatives including the Manufacturing and Industry Development Fund and the Australian Medtech Manufacturing Centre.

For a full list of recipients visit business.vic.gov.au/businessgrowth

Recipient list:

Business name Location
Allume Energy Richmond
CBMR Pty Ltd Thomastown
Change Beetle Pty Ltd Brunswick East
Gasco Pty Ltd Bayswater North
Nissan Casting Australia Pty Ltd Dandenong South
SmarterLite Pty Ltd Melbourne
Pengrowers Pty Ltd Boneo
Rivierra Pty Ltd Mordialloc
TriCab Australia Port Melbourne