The Morrison Government is backing Norship Marine to modernise how they do business as they grapple with the impact of the coronavirus.
Norship Marine will receive $100,000 from the Manufacturing Modernisation Fund for a $259,820 project that will allow them to purchase a state-of-the-art CNC lathe.
Federal Leichhardt MP Warren Entsch said the support came at an incredibly important time for the local manufacturing sector.
He said the investment would allow Norship Maine to undertake more advanced manufacturing and undertake more complex project work.
“The Morrison Government is committed to Australian manufacturing and supporting small and medium sized businesses like Norship Marine,” Mr Entsch said.
“This investment will not only strengthen this business and create local jobs, it will provide a much needed confidence boost for the whole region as we face this unprecedented pandemic.”
Federal Industry Minister Karen Andrews said the projects are expected to create 2,600 Australian jobs and were about preparing Australian manufacturing beyond COVID-19 and the challenges of today.
She said 200 projects worth more than $215 million dollars are being supported through the Manufacturing Modernisation Fund.
“We established the MMF before the coronavirus pandemic to help small and medium sized manufacturers invest in capital equipment and new technologies to transform and upgrade their manufacturing operations,” Ms Andrews said.
“Now as we face the coronavirus pandemic and look to come out the other side stronger, this investment will be more critical than ever.
“I am determined to further strengthen Australian manufacturing and the current pandemic gives us the opportunity as a nation to reassess and commit to the values of Australian-made goods.”