$2 million of federal funding announced for new prefab hub

The Advanced Manufacturing Growth Centre has been awarded $2 million to manage a new Innovation Hub for the prefabricated building industry.

A feasibility study for the hub was announced in June last year. Federal industry minister Karen Andrews said on Friday that the new hub would be part of a “coordinated national network of Innovation Labs” to leverage existing research and business strengths.
Prefab referred to a wide range of buildings, including tiny houses, larger homes and offices. The federal government has cited prefab — involving part (such as a floor) or all of a building made offsite — as sector with the potential to create 20,000 new jobs by 2025.
It is worth 3 to 5 per cent of the $150 billion construction industry currently, and could increase to 15 per cent of the total by 2025, Andrews said at the announcement of the feasibility study last year.
Dr Jens Goennemann, managing director of AMGC, said the network of Prefab Innovation Labs across the country would “help drive skills, accelerate adoption of new technology, formulate regulatory proposals, identify new procurement pathways, and recommend new funding mechanisms – all to support a burgeoning prefab construction industry.”
“The hub will work to increase collaboration between industry and researchers, and support new technologies and innovations that provide smarter, cheaper, faster and more sustainable construction solutions,” said Andrews in a statement.
Picture: supplied
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