Australian space agency to boost Adelaide’s economy

Australia’s new space agency will be located in Adelaide, reinforcing South Australia’s long-standing contribution to the nation’s space journey.

Prime minister Scott Morrison said South Australia was a key hub for innovation and the technology industry, making it the ideal home for the new Agency.

“Australia’s space industry is set to hit new heights,” he said.

The Agency will open doors for local businesses and Australian access to the $345 billion- plus global space industry, said Morrison.

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“Our government’s $41 million investment into the agency will act as a launching pad to triple Australia’s space economy to $12 billion and create up to 20,000 jobs by 2030.

“This agency is part of our plan for a stronger economy for South Australia and the country which is about delivering long-term, high-wage, high-skills jobs,” he said.

The agency, to be located at Lot Fourteen at the old Royal Adelaide Hospital site, is also key to the new Adelaide City Deal, with a Memorandum of Understanding signed on November 12 by Morrison and South Australian premier Steven Marshall.

It is aimed at turbo-charging Adelaide’s economy and driving long term investment in the city.

Marshall said long-term investment in Adelaide and its space sector would drive entrepreneurship and innovation while enhancing the city’s liveability.

“South Australia is the ideal location for the Australian Space Agency with a range of local space industry businesses already established here as well as a rapidly growing defence industry sector.

“Establishing the headquarters of the Australian Space Agency in South Australia will launch our space and defence sectors to the next level,” said Marshall.

Minister for industry, science and technology Karen Andrews said Adelaide was selected to host the agency after putting forward the strongest case.

“South Australia is already home to more than 60 organisations and 800 employees in the space sector and this decision builds on the very strong technology and defence presence in the state,” she said.

“Australia’s science, research and technology sectors are key in improving the competitiveness of Australian businesses – and only under our government’s strategic and strong economic management can these flourishing sectors continue to expand,” said Andrews.

The agency will be located in Adelaide by mid-2019 and is set to employ 20 full-time equivalent staff in Adelaide.