Minister Announces Latest Round Of Regional Revival Project Funding

Minister Announces Latest Round Of Regional Revival Project Funding

Tasmania Minister for Resources Guy Barnett

Funding To Stimulate Regional Growth And Create Jobs

Victor P Taffa

The Hodgman Government is delivering funding for 8 new projects which will help revitalise regional economies and create jobs.

Minister for Resources Guy Barnett said that $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.” Mr. Barnett said.

These panels are an innovative and unique building product utilising Tasmanian plantation timber resources.

The project will enable FH Management to meet current and expected building industry demand for what is a home grown product, creating 8 jobs during construction and 9 ongoing permanent jobs.

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.

8 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.

“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.” Mr. Barnett said.