Dairy boost from investment fund

It’s new jobs and new market opportunities for Goulburn Valley Creamery, with an expansion on the way for its Kyabram facility.

With support from our $150 million Victorian Investment Fund, the company will be adding new technology, production capability and six new local jobs.

The expansion will mean high-quality dairy products made more efficiently – reducing operating costs and opening the door to new markets.

It’s great news for the state’s dairy industry, especially in Northern Victoria where there are more than 700 dairy farm businesses.

Earlier this year we announced Victorian Investment Fund support for Tongala Nutrition, another dairy products manufacturer in the region.

Goulburn Valley Creamery produces fresh, frozen and concentrated dairy products, exporting to 12 overseas markets.

The company’s expansion plans follow upgrades in 2024 that were also supported by Regional Development Victoria. These upgrades included the fit-out of a larger processing area and improvements to key equipment and water infrastructure.

Victoria is the nation’s leading dairy producer, contributing more than 60% to Australia's gross value of milk production, which is estimated at $4.9 billion.

The Victorian Investment Fund is fast-tracking strategic, high-value investments across Victoria. A dedicated $50 million stream is supporting fast-growing businesses in regional Victoria – like Goulburn Valley Creamery.

The fund builds on the Victorian Government’s Economic Growth Statement to support the development of priority industries across the regions, help businesses to expand, and secure regional supply chains.

Learn more about the Victorian Investment Fund