Deakin University is set to lose $16 million in funding over the next two years as part of reforms to the education system, and officials say the move could hurt future manufacturing initiatives.
According to the Geelong Advertiser Deakin vice-chancellor Jane den Hollander said the cuts would cast a cloud of uncertainty over some initiatives, including some programs in the manufacturing heartland of Geelong.
“Some things will go slower, big ideas will be moderated and some things not done at all,” she said.
“Geelong and the wider region needs Deakin to continue to grow in reputation and in ensuring we have the graduates we need to ensure our future.”
Deakin has previously made significant contributions to the local manufacturing sector, including driving the $100 million Future Fibres Research and Innovation Centre, and development of the Advanced Manufacturing Cooperative Research Centre.
But despite fears over future investment local Labor MP Richard Marles said the Future Fibres Research Centre proved the Government was willing to put its “money where its mouth is” to spur the manufacturing industry.
The cuts follow the Federal Government's move to strip funding out of higher education in order to funnel more investment toward schools.