The Federal Government creates innovation lab for building industry

Australia’s manufacturing, building, and construction sectors will receive up to $2 million as part of the Federal Government’s Advanced Manufacturing Growth Centre to establish a collaborative innovation lab.

The new lab will help manufacturers design new prefabricated buildings that are eco-friendly, affordable, and can reduce construction time.

Karen Andrews, minister for industry, science, and technology, says the new lab will support a wide range of buildings, including tiny houses, larger homes, and will strengthen Australia’s position in the global building market.

“This sector is starting to build significant momentum and currently represents three to five per cent of Australia’s $150 billion construction industry,” Andrews said.

“This share could grow to 15 per cent by 2025, creating 20,000 jobs and adding $30 billion to our economy.”

The prefabricated building industry includes modular houses and offices created in a factory setting and then transported directly to site.