Government announces funding boost for small defence industry manufacturers

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20 Australian small businesses will share in more than $11 million in funding provided through the Government’s Sovereign Industrial Capability Grants Program, which was established to enhance Australia’s sovereign defence industry. 

Queensland-based Holmwood Highgate and Victoria’s Aurumtown will receive $1,000,000 each to enhance their manufacturing and storage capabilities, whereas RUAG Australia will bag $918,935 in grant funding to boost the manufacture of aerospace platform components.

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In making the announcement, Defence Industry Minister Melissa Price said the latest funding support would boost innovation and investment in Australian Defence Force capability.

“These grants make a vital contribution to growing Australia’s sovereign defence industrial base,” Minister Price said.

“The Morrison Government is committed to safeguarding the livelihoods of all Australians, including small businesses within the defence sector.”

Among the successful grant recipients is WA-based Franmarine Underwater Services, which has been awarded just under $1,000,000 in funding to establish a facility will provide maintenance services to Royal Australian Navy vessels.

“This funding will allow for even greater cooperation and innovation activities across industry and with Defence.” Minister Price continued.

“For example, WA-based Franmarine Underwater Services is contributing to our Naval Shipbuilding Enterprise by establishing a new facility to better support underwater maintenance activities.

“Franmarine’s investment will improve the effectiveness and speed of maintenance activities, helping keep our critical naval vessels available for deployment,” Minister Price said.

Grant applications can be submitted through the Centre for Defence Industry Capability.

Image credit: https://www.ruag.com.au/en
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