Last week the successful applicants in the third round of the Geelong Region Innovation and Investment Fund (GRIIF) were announced by The Minister for Industry, Innovation and Science, Christopher Pyne, and the Victorian Minister for Industry, Lily D’Ambrosio.
The Government expects 145 jobs to be created from the grants offered, which total $11.2 million to support investment of $44 million across the region.
The GRIIF worth $29.5 million was developed by the Australian and Victorian Governments and Ford Australia in response to Ford’s announcement that it will cease local production in 2016. In 2014 Alcoa Australia expanded the fund by a $5 million to support Geelong workers, businesses and communities affected by its decision to close the Port Henry aluminium smelter.
To see the full list of recipients visit business.gov.au.