Business View Oceania l February/March 2023

9 BUSINESS VIEW OCEANIA VOLUME 5, ISSUE 2 MODERN MANUFACTURING INITIATIVE (MMI) GRANT SUPPORTS PRECISION MANUFACTURING CAPABILITIES IN AUSTRALIAN RECIPIENTS SUCH AS ANCA AND CORVUS OPENING L INES Respective $3 million investments into Melbourne-based advanced technology manufacturers ANCA and Corvus are set to build Australia’s manufacturing capability and create hundreds of jobs across both sites. Delivered through the MII grant, both investments will be used by recipients to establish precision manufacturing equipment. ANCA will establish a precision manufacturing cell at its Victorian headquarters using the grant delivered through the Modern Manufacturing Initiative. This ‘Mother Machine’ will enable ANCA to produce a large number of precision parts and tooling with very high accuracy and consistency for the aerospace, automotive, medical device, and electronics industries, among others. ANCA Chief Executive Officer, Martin Ripple, says funds delivered under the MII will help establish the nation’s unique end-to-end sovereign industrial capability. Mr. Ripple shares, “This grant will assist ANCA (to) establish a fully integrated, precision manufacturing cell at our facility in Bayswater and will create more than 150 highly skilled Australian jobs within the project period and around 330 jobs after five years.” Assistant Minister for Manufacturing, Tim Ayres, says he was pleased to announce the grant, delivering this advanced manufacturing capability at a time when building sovereign capability has never been more important. “Over the last decade, Australian exports have slipped down the global value chain as our exports have become less complex,” Assistant Minister Ayres shares. “This grant will enable (recipients) to build a new designated precision manufacturing