New jobs through Victorian Investment Fund

A regional grant from the Victorian Investment Fund will support jobs and increase production at Tongala Nutrition.

The investment will help the dairy products manufacturer expand its facility in the small northern Victoria town, bringing on more than 40 jobs.

The company will upgrade technology and infrastructure, including sustainable energy systems, production and packing equipment, and freight and supply-chain facilities.

Along with an increased workforce, the expansion will help the company boost its production into domestic and international markets.

It’s another great industry story for Tongala, following the recent expansion of Greenham Australia’s abattoir. Supported by our funding, Greenham was able to nearly double its production, create 270 jobs and secure new contracts.

Established last year, the $150 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 Tongala Nutrition.

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.

Five priority sectors have been identified for investment:

• advanced manufacturing and defence
• health technologies and medical research
• circular economy projects
• digital technologies
• agribusiness.

In agribusiness, Victoria is Australia’s largest food and fibre exporter, with exports hitting a record $20.1 billion in 2023-24.

Learn more about the Victorian Investment Fund.