The Australian economy is poised for a stronger, more resilient future with this week’s budget announcement from Australian Treasurer Jim Chalmers, which places a clear focus on fostering local industry, supporting Australian businesses, and investing in critical infrastructure.
Responding to the budget release, ARM Hub CEO and Founder Professor Cori Stewart said the government’s commitment to investing more than $3 billion in local, green metals production underpins its vision of a Future Made in Australia, ensuring that Australia remains a global leader in smart and sustainable manufacturing.
“Australia has great ideas and does world-class research – but we need ambition backed in by our government, to translate this capability into great Australian businesses. If the government continues to back our innovators and follow through, the sky really is the limit,” she said.
With a further $2 billion expansion of the Clean Energy Finance Corporation is expected to unlock $6 billion of additional private investment in renewable energy and low emissions technologies.
The government has also committed $17.1 billion over ten years for road and rail projects to enhance the productivity and resilience of cities and regional communities.
“ARM Hub tenant Vaulta is now making lithium batteries that are designed for disassembly; while fellow tenant Verton is re-imagining logistics with smart and safe cranes, and our partner DKE is empowering our industrial ecosystem with cutting-edge AI. There’s so many more great examples, and investment helps companies like these to scale, so it’s encouraging to see support in these areas from government.”
“ARM Hub welcomes the government’s commitment to strengthening local industries, fostering Australian innovation, and ensuring a robust, self-sustaining economy,” concluded Prof Stewart. “By aligning policy with industry and innovation, Australia is well-positioned to lead the world in advanced manufacturing, clean energy, and cutting-edge technology.”