Food and Agribusiness Industry

The Food and Agribusiness sector is an important part of the Australian economy and makes a significant contribution to the economies of regional areas through employment, business and service opportunities.

The Australian Government’s Industry Innovation and Competitiveness Agenda identifies Food and Agribusiness as an area of competitive strength for Australia and prioritises it as a growth sector through the Food and Agribusiness Industry Growth Centre.

Growing Australian Food and Agribusiness

The Australian Government is committed to creating the right conditions for Australian businesses to invest and grow, by:

Lifting competitiveness and productivity of the Food and Agribusiness sector

 

The Food and Agribusiness Industry Growth Centre is supporting industry-led action to boost productivity and skills; increase collaboration and commercialisation; create jobs; reduce red tape; and assist Australia’s food and agribusiness industries to engage in international markets.

The activities of the Food and Agribusiness Industry Growth Centre are being delivered by Food Innovation Australia Ltd, a not-for-profit company. 

For further information on the activities of the Food and Agribusiness Growth Centre please visit www.fial.com.au 

Further information about the Industry Growth Centres Initiative.

Providing advice and support to small and medium businesses

The Entrepreneurs’ Programme is the Australian Government’s flagship initiative for business competitiveness and productivity at the firm level. It provides practical advice and support for businesses, including advice from people with private sector experience; co funded grants to commercialise novel products, processes and services; funding to take advantage of growth opportunities; and connection and collaboration opportunities. Services and grants are delivered through three elements: Accelerating Commercialisation, Business Management, and Innovation Connections.

Providing tax incentives to encourage businesses to invest

The Research and Development (R&D) Tax Incentive provides a targeted tax offset to encourage more companies to engage in research and development in Australia.

Small businesses can get an immediate tax deduction for any individual assets they buy costing less than $20,000, up from the previous $1,000 threshold. More information is available from the Australian Taxation Office.

Helping business to develop the workplace skills they need

The Industry Skills Fund (Fund) assists industry to invest in training and support services and to develop innovative training solutions. The Fund will help build a highly skilled workforce that can take advantage of new business growth opportunities and adapt to rapid technological change.

Building Australia’s capabilities in trade and innovation

The Australian Trade Commission (Austrade) advances Australia’s international trade and investment and provides advice and services to business on investment attraction and exporting.

The Export Finance and Insurance Corporation (EFIC) is an export credit agency that operates on a commercial basis and works with banks to provide financial solutions for small and medium businesses that export. This includes businesses that are in an export supply chain and/or are looking to expand their business operations overseas and/or are operating in emerging and frontier markets.

CSIRO’s Food and Nutrition business unit offers science and innovation support covering nutrition and health, food science and bio-based products. The business unit has an innovation centre that provides food, ingredient and equipment manufacturing companies with access to technologies, expertise and innovation support.

Further information on how the Australian Government is assisting business can be found at business.gov.au

Contact

  • Food Industry Policy Section
    Sectoral Growth Policy Division
    Department of Industry and Science
  • GPO Box 9839
    Canberra ACT 2601
  • Phone: +61 2 6213 6000
  • Email: food@industry.gov.au
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