Queensland State Government announced (17-Jun-2018) it will provide up to AUD5 million (USD3.7 million) in funding for a suite of new programmes for the aerospace sector. The funding is part of the 'Queensland Aerospace 10 Year Roadmap and Action Plan'. The funding allocated to the roadmap will fund a suite of initiatives, including establishing Queensland as an international hub for drones and pursuing supply chain opportunities in major international defence and civil aerospace projects. The roadmap has set out a range of actions across three strategies:
- Develop Queensland's aerospace industry and create high-skilled jobs;
- Enhance Queensland's level of aerospace industry capability to access new global supply chain opportunities and international markets;
- Promote Queensland as a preferred destination for aerospace capability locally and globally.
In FY2015/2016, Queensland's aircraft manufacturing and repair businesses generated approximately AUD1.2 billion (USD891.5 million) in revenue and contributed AUD565 million (USD419.7 million) to Queensland's economic growth, as well as providing over 4200 jobs across more than 300 enterprises. [more - original PR]