Adelaide's independent news


Budget gives extra $100m to advanced manufacturing


The Turnbull government will tip $100 million into the advanced manufacturing sector to create jobs, grow businesses and improve productivity and competitiveness, with a focus on Victoria and South Australia.

1 Comment
1 Comment Print article

Ahead of Tuesday’s budget, Industry Minister Arthur Sinodinos detailed the new money, of which $47.5 million is on top of an existing $155 million Advanced Manufacturing Growth Fund to cushion the demise of car making.

“These initiatives, together with the tax cuts for around 3.2 million Australian businesses, will help our manufacturing businesses,” Senator Sinodinos said in a statement on Monday.

The minister told FIVEaa radio in Adelaide the money was aimed at the South Australia and Victoria manufacturing bases, ahead of car giant Holden shutting down in Australia.

It will be used to establish innovation labs in the two states for smaller-scale research projects.

The minister believes this support, alongside the industry efforts, means companies that would otherwise close will not.


* $47.5 million over two years on top of the existing $155 million Advanced Manufacturing Growth Fund.

* $20 million over two years for larger scale advanced manufacturing research projects under the Cooperative Research Centre.

* $13.5 million tariff reduction on imported vehicle prototypes and components used by Australian motor vehicle design and engineering firms.

* $10 million to establish innovation labs in South Australia and Victoria.

* $4 million over two years for the Advanced Manufacturing Growth Centre to support small scale and pilot research projects.

* $5 million for student research at universities and technology institutions.


We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron


1 Show comments Hide comments
Will my comment be published? Read the guidelines.

More News stories

Loading next article