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ARTICLE · 11 NOVEMBER 2014

Australian Industry Growth Centres Initiative - fostering excellence, not dependence?

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The Initiative aims to foster and grow competitiveness and productivity in high value and export-focused industries.

AustraliaStrategy
Frances Wheelahan
Frances Wheelahan
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The Federal Government has committed $188.5 million in funding for key Australian growth sectors over the next four years.

The Industry Growth Centres Initiative (the Initiative) is part of the wider $400 million Industry Innovation and Competitiveness Agenda policy announced by the Government on 14 October 2014. The policy can be read here.

The five growth sectors identified in the Initiative are:

  • Food and Agribusiness;
  • Mining Equipment, Technology and Services;
  • Medical Technologies and Pharmaceuticals;
  • Advanced Manufacturing; and
  • Oil, Gas and Energy Resources.

The Industry Growth Centres (the Centres) will be established in each of the above growth sectors, with Government floating the possibility of establishing more Centres in the future.

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