Vic food makers get equipment electrification grants
The Victorian government has announced $10 million in grants to help the state’s food and beverage makers upgrade to electric alternatives for their equipment.
NSW creates investment authority to fast-track major projects
The NSW government will establish an Investment Delivery Authority to accelerate approvals for major projects worth more than $1 billion as part of the 2025-26 Budget. Premier Chris Minns announced on Monday the government would invest $17.7 million to establish the authority, which is modelled on the successful Housing Delivery Authority. The authority will help…
Soul Patts and Brickworks agree to $14b merger
Diversified investment house Washington H. Soul Pattinson and building products manufacturer Brickworks announced on Monday they have agreed to a $14 billion merger that will create a newly capitalised ASX-listed company. The merger, announced through a binding combination deed, will see the creation of a company called TopCo with an expected market capitalisation of $14…
Fastbrick capital raise delay averted
Bricklaying robot builder Fastbrick’s plan for a major capital raise were almost crushed until the government’s takeover panel stepped in.
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
In an election year, further promises of tax breaks for businesses are likely. But are they a good idea, and at what cost do these promises come?
Austin Engineering shows how business improvement can pay off
By Peter Roberts For those hesitating on embarking on a company improvement process hesitate no longer – Perth mining equipment manufacturer Austin Engineering has shown the massive benefits available from reorganising and streamlining operations and investing in new machinery and manufacturing processes. The company, which manufactures large dump truck bodies for the mining sector and…
Uniseed expands horizons, seeks new investment managers
University investment group Uniseed is looking for new venture finance managers following its expansion, with five new universities backing its commercialising efforts. Uniseed is now searching for people to fill new roles of Investment Manager (Technology) in Melbourne and an Investment Manager (Biotechnology) in Sydney. Uniseed’s existing partners are the long established universities of Queensland,…
Lockheed Martin backs Aussie space start up
Space satellite imagery starup Arula has received ‘a strategic investment’ by global aerospace company Lockheed martin.
Business Council calls for industry policy, reform of investment, R&D and the NRF
The Business Council of Australia has called for the development of a national industry policy, echoing calls made by @AuManufacturing news over many years. The peak body issued a plan to secure Australia’s economic future – Seize the Moment – which aims to tackle chronic low and falling productivity and levels of national innovation, and…
Funding for manufacturing growth, the missing element – Trent Bagnall
We know that increasing manufacturing production in Australia would bolster employment and GDP growth. But as Trent Bagnall argues, this won’t change when most venture and development funding is directed to areas other than hardware. Historically, Australia’s manufacturing sector has struggled to secure key funding necessary for growth. This is despite many of our core…