A local company that delivers modular construction solutions for residential and commercial developments will be able to commercialise its production line, thanks to the NSW Government’s Regional Job Creation Fund.
Member for Coffs Harbour Gurmesh Singh said a $760,000 grant will help RED Factory in Coffs Harbour take on major contracts for use of its offsite modular volumetric construction offering.
Mr Singh said the funding will allow RED Factory to commercialise its production line to deliver the projects, laying the path for the company to take on larger future contracts in delivering innovative accommodation solutions.
“This project will assist RED Factory in addressing deficiencies in a diverse range of housing and accommodation situations, including Aboriginal housing, eco-tourism and quality affordable housing,” Mr Singh said.
“This funding will allow RED Factory to commercialise and get on the front foot of delivering affordable housing accommodation faster than any other industry in the state, creating up to 38 sustainable jobs for the region.”
Deputy Premier and Minister for Regional NSW Paul Toole said the $130 million Regional Job Creation Fund aims to create more than 6,500 new direct jobs in regional NSW by providing incentives to expand and keep operations in regional areas.
“Regional NSW is the engine room of the state and helping companies like RED Factory expand its operations stimulates local and regional economies, boosts livelihoods and creates local employment opportunities,” Mr Toole said.
“Providing businesses with the opportunity to fast track their growth plans and expand their operations means they can increase their production, attract more investment and create new jobs today, which is great news for the local economy.
“Setting businesses up for success helps the local community grow and new jobs means more people earning a wage and spending their pay packets in local stores, cafés, restaurants and on local goods and services.”
The Regional Job Creation Fund supports eligible businesses with grants to purchase new equipment, expand facilities, acquire technology, create new production lines or establish businesses in regional NSW.
Round one of the Regional Job Creation Fund has now closed. A second round will open in early 2022. For more information, go to: investregionalnsw.com/RJCFund
