Through its Industry and Innovation Statement, A Plan for Australian Jobs, the Government will back our firms to win more work at home, support industry to win new business abroad and help our small businesses to thrive and grow.
A Plan for Australian Jobs
The Government's Industry and Innovation statement, A Plan for Australian Jobs, has three core strategies:
Our $1 billion investment in boosting Australian innovation, productivity and competitiveness under the Plan is generating business opportunities and economic growth for the future.
A fair go for Australian firms
The Government is bringing in new laws to help Australian firms win more work at home. Any project in Australia worth more than $500 million must include an Australian Industry Participation Plan.
The Government will also boost safeguards for Australian industry against unfair competition from overseas by establishing a new Anti Dumping Commission.
Growth through innovation
The Plan will create new internationally competitive businesses and jobs by promoting collaboration between businesses and research institutions through Industry Innovation Precincts.
The Government will be investing more than $500 million to establish up to 10 precincts around Australia.
By bringing together our best research minds and our most innovative businesses, we are creating industries that can compete on the world stage.
Help for small business
Small and medium sized businesses and start up companies will also be provided with expanded business assistance and better access to finance through the $378 million Venture Australia package to stimulate Australia's venture capital market.
This builds on the Government's strong record of support for small business through Enterprise Connect and Small Business Advisory Services.