{"id":8484,"date":"2020-10-01T13:08:17","date_gmt":"2020-10-01T13:08:17","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=8484"},"modified":"2020-10-01T13:08:17","modified_gmt":"2020-10-01T13:08:17","slug":"transforming-australian-manufacturing-to-rebuild-our-economy","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/10\/01\/transforming-australian-manufacturing-to-rebuild-our-economy\/","title":{"rendered":"Transforming Australian Manufacturing To Rebuild Our Economy"},"content":{"rendered":"<p>The Morrison Government is launching a new era of Australian manufacturing, as part of our JobMaker Plan to rebuild the economy, create jobs and recover from the COVID-19 recession.<br \/>\nPrime Minister Scott Morrison said around $1.5 billion in new funding will be invested over the next four years in the\u00a0<i>Modern Manufacturing Strategy\u00a0<\/i>to make Australian manufacturers more competitive, resilient and able to scale-up to take on the world.<br \/>\n\u201cWe make things in Australia. We do it well. We need to keep making things in Australia. And with this strategy, we will,\u201d Prime Minister Morrison said.<br \/>\n\u201cThe COVID crisis opens a new chapter for Australian manufacturing as a revitalised source of high-wage jobs, valuable exports and national income.<br \/>\n\u201cOur Modern Manufacturing Strategy is at the heart of our JobMaker plan. It starts with creating a stable and competitive business environment to grow our all parts of our manufacturing sector, but it does not end there.<br \/>\n\u201cIt will play to Australia\u2019s strengths, improve collaboration and commercialisation, and create a sector that is modern, dynamic and highly skilled.<br \/>\n\u201cThrough this Strategy, we are determined to ensure government, industry and the research and education sectors are all working in the one direction to build scale in our manufacturing sector.<br \/>\n\u201cManufacturing is critical to Australia\u2019s economic future, to the prosperity of our regions and to the capabilities that underpin the success of so many other industries.\u201d<br \/>\nMinister for Industry, Science and Technology Karen Andrews said this strategy reflects the lessons learned during the COVID-19 pandemic, as well as extensive work with industry before that.<br \/>\n\u201cOur manufacturers have risen to the challenge to deliver during COVID-19 and now, we\u2019re unlocking their potential to deliver for our future,\u201d Minister Andrews said.<br \/>\n\u201cBy playing to our strengths, strategically investing and boosting the role of science and technology in industry, we can open up new markets and take more of our quality products to the world.<br \/>\n\u201cThis Strategy sends a clear signal that not only is Australia open for business, but we mean business.\u201d<br \/>\nThe centrepiece of the Strategy is the $1.3 billion\u00a0<i>Modern Manufacturing Initiative (MMI)<\/i>, which will see the Government strategically invest in projects that help manufacturers to scale up and create jobs.<br \/>\nThe\u00a0<i>MMI\u00a0<\/i>will support projects within six National Manufacturing Priorities which reflect Australia\u2019s established competitive advantages or emerging areas of priority:<\/p>\n<ul>\n<li>Resources technology and critical minerals processing<\/li>\n<li>Food and beverage<\/li>\n<li>Medical products<\/li>\n<li>Recycling and clean energy<\/li>\n<li>Defence<\/li>\n<li>Space<\/li>\n<\/ul>\n<p>\u201cThis is about Australia playing to its strengths and the Government strategically investing in areas of manufacturing where we know we have an edge and that can deliver the jobs we need,\u201d Minister Andrews said.<br \/>\nIndustry will be engaged to co-design tailored road maps for each of the priority sectors to set clear goals over the next two, five and 10 years, and identify the barriers and opportunities that will guide action and investment.<br \/>\nThe Strategy will also address the competitiveness of individual manufacturers in our priority sectors, with a $52.8 million expansion of the\u00a0<i>Manufacturing Modernisation Fund.<\/i><br \/>\nThe COVID-19 crisis has also highlighted the need to better understand and address our supply chain issues and opportunities. A $107.2 million\u00a0<i>Supply Chain Resilience Initiative<\/i>\u00a0will support projects that address an identified supply chain vulnerability.<br \/>\n\u201cThis is about incentivising industry to take advantage of opportunities to provide both domestic and global supply chains with critical products,\u201d Minister Andrews said.<br \/>\nInnovation and Science Australia will be repurposed as Industry Innovation and Science Australia, to provide a long-term perspective on growing the manufacturing sector and strong industry advice to Government throughout the implementation of the Strategy.<br \/>\nThe Government is also comprehensively reviewing existing industry programs to better align them with the strategy. As part of this, we will provide an additional $50 million to the Industry Growth Centres initiative to support projects in the priority areas out until the end of June 2022.<br \/>\nThis strategy builds on the work across Government to improve economic conditions for business, including streamlining regulation, cutting red tape and cutting input costs. A key part of that will be cutting energy costs as outlined in the\u00a0<i>Gas-fired recovery<\/i>\u00a0statement on 15 September 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Morrison Government is launching a new era of Australian manufacturing, as part of our JobMaker Plan to rebuild the economy, create jobs and recover from the COVID-19 recession. Prime Minister Scott Morrison said around $1.5 billion in new funding will be invested over the next four years in the\u00a0Modern Manufacturing Strategy\u00a0to make Australian manufacturers &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2020\/10\/01\/transforming-australian-manufacturing-to-rebuild-our-economy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Transforming Australian Manufacturing To Rebuild Our Economy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8484","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=8484"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8484\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=8484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=8484"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=8484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}