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Funding boost for New England agribusiness ventures.



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Sandy Macdonald The Nationals Senator for NSW 06 November 2003

Funding boost for New England agribusiness ventures

Three agribusiness ventures in New England will benefit from more than $210,000 in funding through the Australian Government’s New Industries Development Program, Senator for NSW Sandy Macdonald said today.

“The funding will be a major boost for agribusiness in the region and will also provide benefits for the wider community,” Senator Macdonald said.

“There are a raft of innovative ideas coming out of Australia’s agricultural sector and it’s important that these ventures are supported through programs such as the New Industries Development Program (NIDP).”

• $110,000 to Ensil Pty Ltd - a joint venture between Peter English (Armidale) and Ruralco Holdings (Giraween). Funding will be used to upscale plant and equipment at Ipswich and conduct a commercial production run and trial of a new, rapidly acting, high availability Australian patented silicon fertiliser Silvine. The production of Silvine will lead to increased yields and returns in broadacre cereal cropping and sugercane industries by supplying mono silicic acid to silicon deficient light soils.

• $80,300 to Veterinary Health Research Pty Ltd (Armidale) to help commercialise Drench Resistance Kits, the first product of its type that enables sheepmeat and wool producers to determine quickly, accurately and economically the presence in their flocks of internal parasites.

• $21,560 to FR Heywood Partnership (Manilla) to assist in investigating the local market and supply of raw material for high quality goat blood serum for use by medical reserchers. The new business, under the name of Specific Serum, is a diversification from the wool and beef now being conducted on the family property.

“These three projects are a few of 37 Australian agribusinesses to benefit directly from funding for the NIDP’s In-Market Experience Scholarship and Pilot Commercialisation Project (PCP) schemes,” Senator Macdonald said.

“The three New England ventures have shown great initiative in their proposals and I wish them well in their endeavours.”

NIDP has so far funded 85 pilot commercialisation projects and 41 scholarships.

The next round of PCP funding closes on 23 January 2004. For further information on NIDP funding, including guidelines, visit www.affa.gov.au/agribiz, email nidp@affa.gov.au or call 1300 884 588 (for the cost of the local call).

Media Contact: Rachel Kingsford Smith 6277 3705 / 0427 570 506