$29 million in grants announced for SA manufacturers

Grants worth $28.78 million have been announced, with the aim of assisting South Australia’s manufacturing industry adjust to the end of passenger car assembly in 2017.

The SA round of the Next Generation Manufacturing Programme saw co-investment grants awarded to 15 companies, ranging between $550,551 and $4,950,306. Total investment was given as $73.3 million, including companies' spending on projects, with a goal of creating 430 new jobs in the state.

“With the wind down of production at Holden, the Next Generation Manufacturing Investment Programme is a targeted and tailored investment to create new opportunities that will make use of the sophisticated skills base in the local manufacturing sector,” said federal industry minister Ian Macfarlane, in a joint statement with SA manufacturing and innovation and automotive transformation minister Kyam Maher.

Macfarlane told an ABC interviewer the grants targeted companies developing sophisticated products with relevance internationally.

“Definitely a product that would be in demand not only here in Australia but also overseas, because the future of manufacturing is not only sophisticated high value manufacturing but also goods that can be sold into the global supply chain, so we don’t have the problems we’ve seen in Australia where one domestic manufacturer closes down and the opportunity to sell your product is fierce,” he said.

The Next Generation Manufacturing Programme is worth $60 million of the federal government’s $155 million Growth Fund, announced last year in response to the news that Ford, Holden and Toyota would all end their Australian car making operations by 2018.

Of the SA round yesterday, grant recipients included Seeley International, Mayne Pharma and Levett Engineering.

To read the full list, click here.

 

Image: ABC