On 14 October 2014, the Prime Minister and Minister for Industry made a joint statement to release the Industry Innovation and Competitiveness Agenda. This Agenda is a central part of the Government’s Economic Action Strategy to build a strong, prosperous economy for a safe, secure Australia. A major part of the announcement related to the establishment of Industry Growth Centres.
In responding to a question requesting clarification on the differences between the Industry Growth Centres and CRCs, the Minister stated that ”… we want to bring industry research development and the whole policy area into focus and having CRCs as an adjunct to this just simply won’t work. We’ll be looking at how we bring them into this process. Some CRCs will continue and complete their contracts, some will be folded into this process and some will terminate, but I will wait to see David Miles’ recommendations in relation to that.”
As you will all be aware, a review of the CRC Programme was announced by the Minister for Industry in September 2014. This process will include an opportunity for CRC stakeholders and interested parties to attend public consultations in various cities. It will also include an opportunity to make a submission and a discussion paper will be released shortly. Decisions on the future of CRCs won’t occur until after the review process is complete in early 2015.
The department will keep you informed as further information becomes available.