Industry Growth Centres

Initiative summary

A new policy direction for Australia

The Industry Growth Centres Initiative (the Initiative) is an industry-led approach driving innovation, productivity and competitiveness by focusing on areas of competitive strength and strategic priority. This will help Australia transition into smart, high value and export focused industries.

The Initiative enables national action on key issues such as collaboration, commercialisation, international engagement, skills and regulation reform. It drives excellence, not dependence, and will create an economy that ensures Australia’s ongoing prosperity.

The Initiative is ongoing with $238 million in Australian Government funding over the four years from 2017/18 to 2020/21. Growth Centres are being established to deliver the Initiative in six industry sectors of competitive strength and strategic priority:

The Growth Centres will also facilitate engagements between enabling services and technologies, such as Information and Communications Technology, where they provide essential and direct support to the growth sectors.

Growth Centres are not-for-profit organisations, each led by a strategic board of industry experts who oversee the operation of their Growth Centre.

While the Growth Centres will be flexible in their approach to addressing barriers to success, they are tasked with looking at four broad themes:

  1. Identifying regulations that are unnecessary, or over-burdensome, for the key growth sectors and impede their ability to grow, and suggesting possible reforms;
  2. Improving engagement between research and industry, and within industry, to achieve stronger coordination and collaboration of research and stronger commercialisation outcomes in the key growth sectors;
  3. Improving the capability of the key growth sectors to engage with international markets and access global supply chains; and
  4. Improving the management and workforce skills of key growth sectors.

Each Growth Centre has set a long-term strategy for its sector. These are outlined in their Sector Competitiveness Plans (available from the pages for the individual Growth Centres listed above), which describe how to lift the capability of the sector, boost productivity and skills, create jobs, reduce regulation and engage with international opportunities.

Refer to the Industry Growth Centres Initiative Overview at the base of this page for more information about the Growth Centres Initiative.

Feedback and Complaints

You can provide feedback or make a complaint using the contact information on our Feedback and Complaints page.

Contact

For more information:

Documents

Industry Growth Centres Overview | Industry Growth Centres Overview

Sector Competitiveness Plan Overview 2017 | Sector Competitiveness Plan Overview 2017

Related links

Industry Innovation and Competitiveness Agenda

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