The Liberal-Nationals Federal Government is backing an innovative business in Nicholls with a $1 million grant to help secure Australia’s supply chain resilience in times of crisis.

Tongala-based Sustainable Liquid Technology – known as SLTEC Fertilizers – is behind one of 27 projects nationally that will share in more than $33 million under Round 1 of the Supply Chain Resilience Initiative, which is a key part of the Government’s $1.5 billion Modern Manufacturing Strategy.

Federal Member for Nicholls, Damian Drum, said SLTEC Fertilizers will use its $1 million grant – an amount which the business must match – to provide efficient and higher nutrient value fluid fertilizers and bio-stimulants for the agricultural industry to meet growing need.

The project will also expand SLTEC Fertilizers’ reach in terms of domestic and export markets, including New Zealand and Asia.

“This project is incredibly important in our mission to secure Australia’s supply chain resilience and I’m proud SLTEC Fertilizers is doing this work in our local community,” Mr Drum said.

“Not only will this project help the whole country in times of a crisis – it also shows manufacturing is alive and well in the Goulburn Valley.”

Minister for Industry, Energy and Emissions Reduction, Angus Taylor, said the Supply Chain Resilience Initiative grants will back innovative companies that will improve Australia’s access to critical products – medicines and agricultural production chemicals – including in times of crisis.

“The COVID-19 pandemic has shown us the importance of resilient supply chains, and manufacturing capability, within Australia, especially for critical products,” Mr Taylor said.

“Whether it be to ensure we have life-saving medicines, or that our farmers have the agricultural production chemicals they need to keep producing food for Australians – we want to secure our capabilities to make what we need.

“That is why the Federal Government is investing in projects to support manufacturing of these critical products, as well as in the areas of semi-conductors and water treatment chemicals under Round 2.

“These projects, with the Government’s support, will grow Australian manufacturing, build capability and support and create crucial jobs in Australia.”

SLTEC Fertilizers managing director Jamie McMaster thanked the Federal Government for the funding.

“This will enable SLTEC Fertilizers to rapidly increase its manufacturing capacity and enhance our flexibility to meet the growing needs of the agricultural industry for liquid fertilizers that are of high quality, efficiency and efficacy,” Mr McMaster said.

Successful companies under Round 1 will receive matched grants of between $50,000 and $2 million across medicines and agricultural production chemicals – both of which were identified as sectors of focus in the Sovereign Manufacturing Capability Plan.

Round 2 grants will cover eligible projects in the areas of semi-conductors and water treatment chemicals, identified during a second tranche of analysis. Applications close January 17, 2022.

This support builds on existing strong collaboration with the telecommunications sector to ensure resilience to sustain critical operations in that area.

For more details and information on the successful projects Round 1 projects visit: business.gov.au/grants-and-programs/supply-chain-resilience-initiative/grant-recipients.

For guidelines and to apply for Round 2 visit: business.gov.au/grants-and-programs/supply-chain-resilience-initiative-round-2.

ENDS