Defence, Grants and funding, Industrial and Machinery, Manufacturing News

New grant program targeted at Australian defence industry

The $150 million industry grant program aimed at Australia’s defence industry will help small to medium-sized businesses in areas of sovereign industrial priorities, exports, skilling and security.

The Defence Industry Development Grant (DIDG) program, announced in the Defence Industry Development Strategy, will soon be open for applications.

The new grant program will provide over $150 million over four years dedicated to supporting Australian small to medium-sized businesses.

Each of the four program streams will begin to receive applications later this month.

This is in addition to over $30m that has been allocated under the previous grant programs this financial year.

Minister for Defence Industry, the Hon Pat Conroy MP said the grants will help local businesses to grow, innovate and create jobs.

“The new program places stronger emphasis on our need to focus financial support on industry priorities which have flowed from the Defence Strategic Review, through the Defence Industry Development Strategy which I released in February, and with clear alignment to the National Defence Strategy which was released in April,” said Conroy.

The DIDG program replaces and expands previous defence industry grant programs.

Nine businesses have been selected as the final recipients under the previous Sovereign Industrial Capability Priority and Defence Global Competitiveness Grant programs, receiving a total of $2.9 million in funding.

The final recipients include R&I Instrument & Gear Co (VIC), Kerr Engineering (WA), Rud Chains (QLD), Aerobond (SA), NDE Solutions (SA), Armor Australia (NSW), Masters & Young (QLD), Gilmour Space Technologies (QLD) and Mack Valves (VIC).

More information on industry grant programs can be found at:

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