PRIME Minister Tony Abbott has confirmed $16 million previously promised to Cadbury will be diverted into a "jobs and investment" fund. The chocolatier withdrew its application for the cash earlier this year. The state government will contribute another $8 million to the fund, bringing the kitty to $24 million. Mr Abbott said under the fund, grants will be provided to private sector projects in sectors such as advanced manufacturing, tourism and agriculture. Eligible projects will need to attract at least $2 in private sector funding for every $1 provided by the federal and state governments. Grants applications will open before the end of the year.
