Government delivers $50m commitment to expand higher-value manufacturing
Australian manufacturing is continuing its transition into higher-value activities and more sophisticated and sustainable markets, with applications now open for the Australian Government’s $50 million Manufacturing Transition Programme.
Minister for Industry Ian Macfarlane said the programme delivers on an election commitment to work with Australian industry to identify and access new markets and new job opportunities.
“Australian manufacturing is turning its focus to new areas of growth and specialist expertise where we can capitalise on our areas of competitive strength and tap into global supply chains.
“The Manufacturing Transition Programme will aid this process through grants of $1 million to $10 million that focus on ensuring manufacturing businesses become more competitive and sustainable.
“The Australian Government is delivering practical and targeted programmes that support Australia’s manufacturing sector as it transitions towards higher-value, knowledge-based activities.
“We are providing the right settings through tailored programmes as well as getting the economic fundamentals right to facilitate investor confidence and encourage productivity growth.
“The Manufacturing Transition Programme is about moving firms away from low-tech commodity style production that may not be globally competitive, to advanced manufacturing where Australia’s specialised knowledge and skills give us an advantage.
“Together with economy-wide incentive mechanisms to boost investment, we are streamlining industry assistance and supporting manufacturers to invest in their own future by moving up the value chain.”
The Manufacturing Transition Programme is part of the Government’s broader strategy to enhance Australia’s competitive strengths and build Australian industry’s most productive sectors, like advanced manufacturing, that have the most economic potential.
The programme is open to applications from today and will run for three years.
Information on the programme, including Programme Guidelines and the application form, is available through the Department of Industry’s single business service.
With options for self-service through business.gov.au, making enquiries on 13 28 46, or more in-depth face-to-face assistance from AusIndustry’s national network, businesses can now get the support they need in a way that suits them best.
More information on the Manufacturing Transition Programme can be found at www.business.gov.au/manufacturing-transition-programme.
Media contact: Mr Macfarlane's office 02 6277 7070