Industry program sees multimillion-dollar investment into Aussie businesses

Security in the physical, cyber and personnel sectors are also a key area of interest in the program, alongside workforce training and upskilling.

So far, $51 million has been allocated in the program to support investment in production and manufacturing efforts to contribute to Australia’s commitment to modernising and advancing the national defence base.

“We’re backing Australian businesses, Australian workers and Australian innovation to deliver the capabilities the Australian Defence Force needs,” Minister for Defence Industry Pat Conroy said.

“These new grants will help local companies scale up, modernise and grow, ensuring our nation has the industrial strength and skills base to meet future challenges.

“Every one of these projects contributes to a stronger, more resilient and sovereign defence industry – creating jobs, driving innovation and building a future made in Australia.”

As a part of the grants, eight projects by the Australian Submarine Agency will be focused on supporting Australia’s role in the AUKUS objectives and building a sovereign submarine industry on Australian shores.

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Within the program, 22 were awarded grants to contribute to the Sovereign Industrial Priorities stream, which focuses on industrial development and manufacturing.

Five were selected for the security stream, centring on efforts to secure Australia’s cyber and digital network.

Eleven businesses were provided with investments as part of the skilling stream to aid in equipping a capable and trained workforce for Australia’s defence base.

Six were chosen for the exports stream.