Melbourne’s North Innovation and Investment Fund (MNIIF), an assistance package funded by government and Ford will help create 14 new manufacturing jobs at a Victorian manufacturing business.
The Herald Sun reports that Preston wine and spirit supplying business Alepat Taylor, will receive $700,000 from the MNIIF.
The money will support a $2 million installation of a new bottling line which will increase production capacity and accommodate a wider range of beverage bottles and closures. In addition, it will allow the company to employ more lab technicians and production controllers.
According to the Ausindustry website, the MNIIF is a $24.5 million competitive, merit-based grants program which serves the Melbourne North region. The Local Government Areas of Hume, Whittlesea, Moreland, and Darebin are included in the scheme.
The MNIIF and the Geelong Region Innovation and Investment Fund programs are based on a tripartite agreement between the Australian Government, the State Government and Ford Australia.
As reported by Sky News, the fund will also provide a $2.6 million grant for Moreland-based digital printing business PMI. As a result, 110 manufacturing jobs will be created in Melbourne's northern suburbs.