East Gippsland would benefit from the Liberal Nationals proposed new $1 billion Bringing Manufacturing Home fund as part of the Coronavirus economic recovery, to seize on new opportunities to bring manufacturing investment and jobs to the region.
As restrictions begin to ease, now is the time for the Andrews Labor Government to urgently act to get Victorians back to work and back in business with East Gippsland well positioned to step up to the next level.
Gippsland East Nationals MP, Tim Bull, called on the government to establish the fund, which would support new manufacturing businesses to move out to regional communities, grow existing local manufacturing and boost innovation.
“The impact of coronavirus on our supply chains should be the wakeup call governments need to give more support to manufacturing in regional Victoria,” Mr Bull said.
“Not only are local manufacturers like Patties, Vegco, Fenning Timbers and Gippsland Jersey providing local jobs, but they are also critical in supplying the goods that Australians need.
“Victoria used to be the manufacturing heart of Australia. We now have the opportunity to bring manufacturing home to Victoria – where it belongs.”
Over the past 20 years more than 50,000 Victorian manufacturing jobs have been lost. A COVID-19 response is urgently needed to create jobs as across the state thousands of businesses have closed and we don’t know how many will re-open.
The COVID-19 pandemic has exposed holes in the national supply chain with an overreliance on a number of countries for provision of essential supplies such as personal protective equipment (PPE).
Leader of the Nationals Peter Walsh said it would prioritise support for industries of national importance such as PPE manufacture, defence procurement and rare earths processing.
“COVID-19 has also exposed massive shortcomings in our local economy, particularly in our lack of local manufacturing capacity,” Mr Walsh said.
“Victorians need jobs off the back of the pandemic, and investment support should not be delayed for multiple years because the government places restrictions on how quickly the fund can be rolled out.”
The Bringing Manufacturing Home Fund adds to a number of polices announced by The Nationals to help Victoria recover from the economic fallout of COVID-19, including a $200 million Regional Tourism Fund and payroll tax relief.
Caption: Local Nationals MP Tim Bull and Gippsland Jersey’s Sallie Jones support new investment in manufacturing to value add the region’s food and fibre strengths.
