Member for Coffs Harbour Gurmesh Singh said local firm Faircloth & Reynolds will be able to create more than 20 new jobs thanks to $400,000 in NSW Government funding.
Mr Singh congratulates the Faircloth & Reynolds team on their successful application under Round Two of the Regional Job Creation Fund, which enables businesses to fast-track their growth plans and expand their operations while creating a solid base for job creation.
“Faircloth & Reynolds, which specialises in refrigeration, air conditioning and catering equipment, is a success story on the Coffs Coast and beyond because of hard work and initiative,” Mr Singh said.
“The company plays a key role in driving local economic growth and I’m extremely pleased this $400,000 grant will help bring to life one of their new projects.
“These funds will be used to increase warehousing capability – including stock pickers and bar coding software – and help with the acquisition of new cutting technology and a modern coil line to manufacture more duct and insulated duct.”
Deputy Premier and Minister for Regional NSW Paul Toole said the NSW Government’s $140 million Regional Job Creation Fund is on track to create over 6,500 new direct jobs in regional NSW by helping businesses expand production and provide incentives to move operations to the bush.
“The Regional Job Creation Fund continues to attract new investment from businesses and enable economic recovery across agriculture, manufacturing and tourism industries and ensure they continue to thrive now and into the future,” Mr Toole said.
“This funding exemplifies the NSW Government’s commitment to build robust regional economies, which is giving businesses, employees and their families confidence in the growth and prosperity of regional NSW.”
An additional $100 million for the Regional Job Creation Fund was included in the 2022-23 Budget.
