Dubbo-based global medtech company Maverick Biomaterials has secured a $1.158 million NSW government grant for an expansion planned to double its manufacturing output by 2023 and create scores of new jobs.
The local business provides the animal-derived materials needed for life-changing medical products, among them heart valves, surgical grafts and collagen.
On Tuesday its work received a major boost with Deputy Premier and Minister for Regional NSW John Barilaro announcing the seven-figure sum of funding.
As well as enabling the doubling of its manufacturing output capacity by 2023, the planned expansion will create up to 58 new full-time equivalent jobs throughout its network in regional NSW, Maverick CEO Ben Rogers reports.
He said the support of the NSW government would ensure the company could continue to supply products for patients across the world.
"The funding is significant as it has supported our expansion in Dubbo, and will accelerate us towards our vision of being the undisputed world leader in the global supply of animal-derived biological specialty products to the global human healthcare sector," Mr Rogers said.
The funding... will accelerate us towards our vision of being the undisputed world leader in the global supply of animal-derived biological specialty products to the global human healthcare sector.Maverick Biomaterials CEO Ben Rogers
"I'm incredibly excited and passionate about delivering upon our purpose of helping to save lives.
"This has always driven me personally in my career and I'm grateful for the opportunity to continue this journey.
"It's exciting to undertake such a mission within a regional Australian base."
The existing purpose-built Maverick Biomaterials facilities at Dubbo were opened in 2016, and prior to that the company had operated a number of smaller research and development spaces locally at Dubbo and Sydney since 2011.
It already has a staff of 56 full-time equivalent employees across regional NSW with the majority based at Dubbo, the CEO reports.
Mr Rogers said the business was passionate about regional Australia.
"We had intended to expand into south-east Queensland," he said.
"Timely intervention by NSW government's Office of Regional Economic Development has ensured our intended expansion here in Dubbo."
Mr Barilaro said the grant would allow the medtech company to build an additional 400 square metres of office space and 600 square metres of manufacturing facilities adjacent to its existing facilities at Dubbo.
He said the expansion would support the business to meet growing customer demand for essential medical products and double its manufacturing output by 2023.
"Born in regional NSW, Maverick is a world-class operation and innovator involved in the manufacturing, agricultural and health sectors and I am delighted to announce the funds that will help this company grow and create further jobs in regional NSW," he said.
Born in regional NSW, Maverick is a world-class operation and innovator involved in the manufacturing, agricultural and health sectors and I am delighted to announce the funds that will help this company grow and create further jobs in regional NSW.NSW Deputy Premier John Barilaro
"This project will allow Maverick to significantly expand its advanced manufacturing capability to introduce new product lines and create up to 58 new full-time equivalent jobs including a range of opportunities for skilled workers."
Minister for Skills Geoff Lee said in addition to funding, Maverick Biomaterials would receive development support to upskill about 100 staff through a program delivered through Training Services NSW worth up to $1 million.
"We are working with Maverick Biomaterials to review their skill needs and develop a plan which includes a preference to engage local training providers and grow skills locally," Mr Lee said.
"It is important to support professional development for workers in the bush to prevent the brain drain of talent leaving regional NSW for the city and to grow a workforce of skilled workers to meet the needs of the future industries such as advanced manufacturing."
Mr Rogers said the company would be seeking development consent from Dubbo Regional Council in the coming weeks.
Maverick Biomaterials operates support offices and manufacturing facilities at Dubbo, with additional manufacturing operations located throughout Australia and New Zealand.
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