Yandina-based macadamia exporter Nutworks has received a $50,000 grant to help it recover from the impacts of COVID-19.
The company will now be able to introduce a new macadamia product to reduce its exposure to market fluctuations, supported by funding from the Market Diversification and Resilience Grant Program run by the Department of Agriculture and Fisheries.
Demand for Nutworks’ products has fallen across all markets due to COVID-19 and the company has been forced to stand down employees.
The grant will allow the business to diversify and meet growing consumer demand for high-end macadamia products in the UK and Australia by purchasing new equipment, developing an ecommerce website and attending trade shows.
Nutworks CEO Kylie Watson said the funding would help to build the company’s resilience and create employment.
‘The project will build our resilience by diversifying offerings, and ensuring reliable, ongoing turnover, both for our hundred growers and the company,’ Ms Watson said.
‘Project activities will provide job security for our staff in the recovery from COVID-19 and create 35 new jobs within our South East Queensland business, in areas such as research and development, production and marketing, and along the supply chain.’
Minister for Agricultural Industry Development and Fisheries Mark Furner said Nutworks was a prime example of a Queensland agribusiness building resilience and finding opportunity from adversity.
‘Queensland’s plan for economic recovery is all about jobs, and that is exactly what we are supporting with this grant,’ Mr Furner said.
‘The Queensland Government is working closely with industry on the economic recovery of the agriculture and fisheries sectors, including agribusiness exporters who support thousands of jobs.’
TIQ has worked closely with Nutworks over many years, assisting their entry into the Hong Kong and China markets and helping introduce the company to potential buyers.
More than 150 businesses applied for the first round of the $500,000 Market Diversification and Resilience Grants Program for exporters affected by COVID-19, which is part of the Queensland Government’s $27.25 million coronavirus industry economic recovery package.
You can learn more about the support available to exporters affected by the COVID-19 pandemic on our TIQ industry recovery package page.