News - General News - Manufacturing
$100m taxpayer boost for manufacturing
Parts sector to benefit as government tips in more cash ahead of car plant closures
9 May 2017
By IAN PORTER
- The federal government has allocated a further $100 million in funding for the manufacturing sector, with a portion of it making its way to automotive parts-makers trying to diversify as the car industry they have traditionally supported prepares to shut down.
- Industry minister Arthur Sinodinos announced earlier this week that the new funding would be included in this week’s federal budget, split between advanced manufacturing, advanced research and the creation of two “innovation laboratories”.
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