The first round of funding applications to a Greater Geelong Industry Fund has closed.
The fund is a Victorian Government initiative to support new investment generating new jobs in the Geelong region.
The fund offers grants of up to $250,000 to attract new industry to the region and support existing industry to transition into new growth markets.
Grants must be matched by a minimum co-contribution of $2 for every $1 granted.
A spokesperson for Employment Minister Richard Dalla-Riva said the funded had fielded a “number of applications” from Geelong.
“We’re undertaking assessments at the moment and will make further announcements in due course.”
Businesses applying were required to have three years minimum trading history for projects that would generate new jobs, develop new products, adopt new technologies and processes or identify and explore new markets.
The fund was also open to businesses looking to relocate to or set up operations in the Geelong region.
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