Minister for Trade and Investment Andrew Robb has today confirmed that an application for $16 million in federal funding to support the upgrade of the Cadbury factory in Tasmania has been withdrawn.
Cadbury parent company Mondelez International has informed the government of the formal withdrawal from the grant application process. The company advised that it was not in a position to fully comply with the funding guidelines set out by the government.
The funding was to support a $66 million upgrade of the Claremont factory. The creation of a chocolate manufacturing visitor experience for tourism and increased chocolate production were among the federal funding guidelines.
The company’s circumstances had changed over time and they were no longer able to commit to the project outcomes agreed to.
The rigorous application process adhered to by this government – which required the submission of a detailed business case to fully satisfy grant guidelines – stands in stark contrast to the reckless, bull-at-a-gate approach that characterised the previous Labor Government, with hugely wasteful schemes such pink batts and school halls.
While the company has withdrawn its application, it has today committed $20 million towards the continued modernisation of the facility, which is in addition to substantial investment over the past five years.
The Government will have more to say about further initiatives for Tasmania in the coming weeks.
- Trade Minister's Office: (02) 6277 7420
- DFAT Media Liaison: (02) 6261 1555