The Australian Government is now operating in line with Caretaker Conventions, pending the outcome of the 2025 federal election.
In 2021 we commissioned ACIL Allen to evaluate the impact of the Cooperative Research Centres (CRC) Program.
The evaluation found that:
- the CRC Program is working well and delivering on its objectives
- CRCs will generate an estimated $32.5 billion of economic impacts by 2025
- Australia’s GDP is estimated to increase by $5.61 for every dollar of government funding for CRCs since 2005
- completed CRC Projects are estimated to return $7.73 in economic benefit for every dollar of government funding since 2016.
Stakeholders and partners consider the program:
- helps industries be more competitive, sustainable and productive
- increases the quality and strength of collaboration between industry and research organisations
- improves commercialisation and enhances the capability of the research workforce.