Regional Australia is in the box seat to lead the nation’s post-COVID economic recovery under the Government’s new plan to turbocharge the regions.
Minster for Decentralisation and Regional Education, Andrew Gee announced the next phase of the Government’s decentralisation agenda, a series of Summits which will bring together leaders from government, private sector, peak industry bodies and the tertiary education sector for high level discussions.
“Our regions are full of untapped potential. We want to ensure that government, industry, research and education sectors have a shared vision to drive the success of our regions and future economic prosperity,” Minister Gee said.
“The Decentralisation Summits will help to guide investment, business attraction, job creation and enhance the competitive advantage of regions while also ensuring greater sectoral collaboration.
“Last week’s 2020-21 Budget, which saw historic investment in regional Australia, recognises the strategic economic importance of the regions and the fact that an increasing number of Australians are choosing to call country Australia home.”
Under the Budget, the Australia Government will invest $41 million in two programs which will see successful recipients relocate to regional Australia, creating more jobs and business growth and addressing supply chain issues.
The Package contains two independent programs:
• $35 million for the Securing Raw Materials Program which will invest in research activities linked to the development of practical and locally-sourced raw material supplies; and
• $6 million for the Regional Cooperative Research Centre Project Program which will provide one-off grant funding to eligible entities for short-term industry-led research collaborations, tailored to regional Australia.
“This Package will drive closer collaboration between businesses and tertiary research organisations, delivering practical solutions to enable the growth of important industries for the regions,” Minister Gee said.
“Importantly, this research will be delivered by people who are on the ground in the regions, who understand firsthand the issues primary producers and material suppliers face.
“We know that more regional jobs mean more growth and prosperity for country communities and more dollars in the pockets of regional Australians, which is why our work on elevating the decentralisation agenda doesn’t just stop here.
“The next budget is just around the corner and it is essential that we continue to develop and expand targeted decentralisation measures such as the Securing Raw Materials Program and the Regional Cooperative Research Centre Project Program.”
Details about the Securing Raw Materials Program and Regional Cooperative Research Centre Project Program will be made available in the coming months.