Australian Government Spurs Investment in Innovative Aussie Car Industry

The Australian Minister for Industry, Tourism and Resources, Ian Macfarlane has returned from Tokyo, where he promoted Australia’s involvement in global auto manufacturing supply chains and its proven ability to supply competitively. This follows his recent announcement that applications are welcome for the current A$108.6 million round of the Motor Vehicle Producer Research and Development Scheme (MVP R&D Scheme), aimed at spurring greater investment in R&D.

“This is about promoting one Australian auto and components brand, based on our ability to produce quality and innovative products.” said Mr Macfarlane.

  “The MVP R&D Scheme is part of the Government’s A$4.2 billion post-2005 assistance package for the Australian automotive industry, which is designed to keep it internationally competitive.”

In the current A$108.6 million round, Mr Macfarlane has called for applications from Ford, Holden, Mitsubishi and Toyota. Funding is available for R&D projects which are expected to focus on emerging technologies in areas such as fuel economy and low emissions.

Three local projects, worth A$41 million, were awarded funding in April this year for work on state-of-the-art engine initiatives, fuel economy and emission improvement projects and vehicle safety and intelligent systems.

The scheme is competitively based and successful projects are rewarded with 45 cents for each dollar spent on eligible R&D. Applications for funding close on 30 November 2005.

Click here for further information on the MVP R&D scheme and how to apply, or contact AusIndustry by emailing [email protected].

For further information on Australia’s automotive industry and its excellent R&D infrastructure explore the manufacturing microsite. Alternatively, you can contact Russell Baker, Senior Manager, Advanced Manufacturing and Services.

http://www.investaustralia.gov.au

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