Government announces latest round of industry support grants
Defence Industry Minister Pat Conroy has announced seven Australian defence businesses have secured AU$3.8 million in grants to support the development of the nation’s sovereign Defence industry.
Seven Australian businesses have been awarded grants worth a total of $3.8 million under the Defence Global Competitiveness program and the Sovereign Industrial Capability Priority program.
These grants provide up to half the cost of a project to help Australian businesses build capabilities crucial for Defence and to overcome barriers for Defence exports.
Minister for Defence Industry, the Hon Pat Conroy MP said, “The Albanese government is strongly committed to supporting a thriving sovereign Australian Defence industry, which is the cornerstone of delivering the national Defence priorities outlined by the Defence Strategic Review.”