Source: Australia Government Ministerial Statements
16 June 2019
The Morrison Government is backing Australia’s manufacturing and building and construction sectors, with support for the prefabricated building industry.
Up to $2 million will be spent developing a new collaborative lab to help manufacturers design innovative new prefabricated buildings that are more eco-friendly, affordable and can significantly reduce times for construction.
Minister for Industry, Science and Technology Karen Andrews said the new lab would support work on a wide range of buildings, including tiny houses, larger homes and offices and strengthen Australia’s position in the global prefabricated building market.
“This sector is starting to build significant momentum and currently represents 3-5 per cent of Australia’s $150 billion construction industry,” Minister Andrews said.
“This share could grow to 15 per cent by 2025, creating 20,000 new Australian jobs and adding $30 billion to our economy.
“The Morrison Government is committed to helping support and grow this emerging industry and ensure Australia seizes this opportunity.”
The prefabricated modular building industry includes modular houses and offices created in a factory setting and then transported directly to site.
To kick-start this new project, the Advanced Manufacturing Growth Centre will receive up to $2 million in funding to undertake a feasibility study and, based on the findings, establish a collaborative innovation lab.
The Coalition is already supporting leading research in this area, announcing $4 million in funding to the Australian Research Council Training Centre for Advanced Manufacturing of Prefabricated Housing.
The Morrison Government is committed to Australia’s advanced manufacturing sector, as part of our plan to grow the economy and create 1.25 million new jobs over the next five years.
Media contact: Minster Andrews’ office 02 6277 7070