DOCUMENTS for RELEASE to and CUB RE GRANT.Pdf

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DOCUMENTS for RELEASE to and CUB RE GRANT.Pdf

DOCUMENT 1 Treasurer Minister for Planning and Local Government Minister for State Growth -44 Level 9 15 Murray Street HOBART TAS 7000 Australia Tasmanian Ph: +61 3 6165 7670 Government Email: treasureroffice©dpac.tas.gov.au Carlton & United Breweries 77 Southbank Boulevard SOUTHBANK VIC 3006 27/01/2018 Attention: Mr Julian Scheezel [email protected] Re: Proposed Cascade Brewery Upgrade and Expansion I refer to Carlton & United Breweries' (CUB) proposal regarcifniaascade Brewery dated 18 October 2017 which would commit $10.3m capital inlestment to upgrade and expand Cascade brewery's proposed production by over 65%)•-tod reate the brewery as CU B's high- - --,•.., end premium craft beer hub for the Asia-Pacific... SI I write to confirm that the Government of Tasthanta has agreed to provide Cascade Brewery with a grant of up to $1 million to assigtUB,iieliver this project, secure the existing 86 jobs at Cascade Brewery and create 5 vAgiaing jobs at the brewery as well as additional jobs in logistics and the supply chair con44 Ace This grant is subject to agreement is reached on a range of terms and conditions including but not MENM•111111111111111M11111101 It is envisaged that the grant funds would be made available in 2018-19 subject to the timeframe for investment, completion of the legal documentation and satisfaction of relevant conditions precedent. The Tasmanian Government recognises the significance of the Cascade Brewery and its renowned products to Tasmania. We believe this project will further enhance Tasmania's brand in premium food and beverages. We see significant benefits for the State from your proposal to nearly double the current production at the brewery and produce the largest variety of products ever from the site. We are also committing to this grant because of Cascade Brewery becoming an innovation hub for CUB through new product development and brewing of experimental liquids as well as your commitment that it will result in improved analytical laboratory skills and yeast management. I will ask the Office of the Coordinator-General to work with Crown Law and CUB to finalise the relevant legal documentation that will be required to be executed for this grant. Yourisi Hon Peter Gutwein, MP Treasurer \ ;-7, • k. .

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