A $60,000 grant, announced on Friday, will go towards an expanded stockfeed manufacturing facility at R.S.Perry and Sons. 

The overall project is worth $1.3 million and will create five new jobs. 

The business suffered losses of about $150,000 in 2010, mainly through damaged and downgraded stock products.

The development will help Perry’s reduce the risk of product contamination and meet the often strict requirements of the domestic and export markets. 

Managing director Adrian Perry said the development would help the business compete with bigger companies and ensure people bought locally. 

"We've reached a stage where to continue to grow in our manufacturing business, we need to invest in major machinery and equipment," he said. 

"The equine sector (in central Victoria) is fairly big and we want to service that need.

"Now we can start going ahead with the major infrastructure."

The development will also help Perry’s reduce the risk of product contamination and meet the often strict requirements of the domestic and export markets. 

Minister for Sport and Recreation and Northern Victorian MP Damian Drum said a key feature of the project was the adoption and use of innovative technology. 

"This will allow the firm to be more productive and competitive and help increase workforce skills," he said. 

“Perry’s operate a skilled business which includes farming operations, a manufacturing plant and a retail/wholesale outlet in Kyneton.

“It concentrates on high value stockfeed – of particular importance to the equine industry – something for which this part of Victoria is justly famous."

The state government grant was funded from the Victorian Business Flood Recovery Fund.