Business View Oceania | Volume 3, Issue 8

7 8 BUSINESS VIEW OCEANIA VOLUME 3, ISSUE 7 BUSINESS VIEW OCEANIA VOLUME 3, ISSUE 7 T he Australian Government has set in motion an applications process through which Australian manufacturers can apply for a share of 800 million dollars in funding, to help support job creation in the manufacturing sector. Manufacturing businesses in the following National Manufacturing Priority Areas can apply for the Manufacturing Collaboration Stream until September 09, 2021: • Space • Medical Products • Resource Technology and Critical Minerals Processing • Food and Beverage chart our economic recovery from COVID-19 and build our future resilience. Through the Collaboration Stream, we are determined to co- invest in industry-led proposals that will transform our National Manufacturing Priority areas, by encouraging manufacturers to move up the value chain to higher value, higher margin activities, including drawing on our world class research.” Minister Porter explains that the Manufacturing Collaboration Stream comes as a core part of the national Modern Manufacturing Strategy. “This is at the heart of our $1.5 billion Modern Manufacturing Strategy which is all designed to support Australian manufacturers to scale-up, build resilience, become more competitive and create the jobs we need not only now but for generations to come.” • Defence • Recycling and Clean Energy Video highlights and explanations for goals and initiatives in each National Manufacturing Priority Area can be found on the Department of Industry, Science, Energy and Resources YouTube channel, https://www.youtube.com/c/IndustryGovAu/videos . Mr. Christian Porter, who is Australia’s Minister for Industry, Science and Technology, is confident that the Government’s decision to further invest in strategic projects will help boost job creation across the country. “As a government, we plan to harness Australia’s manufacturing capability to drive job creation and spur private investment, especially as we Full details of the Manufacturing Collaboration Stream can be found on the Australian Government Business website; www.business.gov. au/grants-and-programs/modern-manufacturing- initiative-manufacturing-collaboration . About the Modern Manufacturing Strategy The Australian Government’s Economic Recovery Plan for Australia (available at https://archive. budget.gov.au/2020-21/download/glossy_ overview.pdf ) is heavily focused on creating and developing jobs across the country. Initiatives such as the Modern Manufacturing Strategy are working in specialized and specific sectors to make that happen. The Modern Manufacturing Strategy aims to help manufacturers to scale up their jobs, improve industry competitiveness, and build supply chains that are more resilient to crisis. Australian Government representatives have stated their intent to supplement growth in the manufacturing industry and create jobs within manufacturing sectors by: • Getting the economic conditions right for business • Making science and technology work for industry • Focusing on Australia’s areas of advantage • Building national resilience. The vision for the Modern Manufacturing Strategy is, “For Australia to be recognized as a high-quality and sustainable manufacturing nation that helps to deliver a strong, modern and resilient economy for all Australians.” For further information or to read the Modern Manufacturing Strategy in full, visit www.industry. gov.au/data-and-publications/make-it-happen-the- australian-governments-modern-manufacturing- strategy. We plan to harness Australia’s manufacturing capability to drive job creation and spur private investment, especially as we chart our economic recovery from COVID-19 and build our future resilience NEWMANUFACTURING COLLABORATION STREAM PROVIDES FUNDING FOR AUSTRALIAN BUSINESSES TO COLLABORATE ON LARGE-SCALE MANUFACTURING PROJECTS OPENING L INES