Member for Tamworth Kevin Anderson said Domestic & Industrial Pumping Equipment Specialists, Lambert & Torrens, has secured NSW Government funding which has enabled part of a $200,000 business expansion project that is set to create up to 12 new jobs in the region.


Mr Anderson said the funding, from Government-backed, private-sector led Jobs for NSW, would enable Lambert and Torrens to expand and move its head office to Tamworth thereby providing a welcome boost to the local economy.


“Lambert & Torrens recently acquired leading solar powered pumping system, ReAqua, and now wants to establish a new National Head Office in Tamworth and a solar power centre of excellence,” Mr Anderson said.


“Once the move is complete, Tamworth farmers will benefit from having a solar irrigation provider in the heart of irrigation country and they will be able to access the latest in solar irrigation and pumping products, technology and support. That’s great for their business and the environment.


“This fantastic financial boost to Lambert & Torrens’ operations will generate more jobs and attract more investment in the Tamworth region.


“Jobs for NSW is helping to drive efforts to significantly grow regional centres like Tamworth to become accelerators for jobs growth and investment in the future,” he said.


Deputy Premier and Minister for Regional NSW John Barilaro said the NSW Government is also targeting high-growth regional SMEs with new loan products ranging from $200,000 to $1.2 million, and a loan guarantee of up to $5 million to provide emerging businesses with capital to grow and drive job creation across the State.


“The flexibility of this type of investment support will be a major boost to fast-growth business in regional areas. In particular, regional businesses should look to the Regional Growth Loan which is interest-free.


“This fantastic initiative will give NSW businesses with the greatest potential to succeed the ability to overcome obstacles to maximise their growth by providing targeted loans across each stage of the business growth cycle.


 “All loans will be conditional on projects meeting agreed job creation targets within agreed timeframes depending on the size of the loan. As a benchmark, for a loan of $500,000, a minimum of 10 full time jobs will need to be created within two years.”


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