THE Morrison Government has committed $3.5 million in funding to boost the emerging space industry while visiting a booming Gold Coast company.
Minister for Industry, Science and Technology Karen Andrews confirmed the announcement this morning while visiting Gilmour Space Technologies, which just recently located to a larger facility in Helensvale as they prepare for their first suborbital rocket launch in the coming weeks.
“Here on the Gold Coast we have a growing space sector and we have Gilmour Technologies absolutely leading the charge in the space race,” Ms Andrews said.
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“So today I’m announcing a Coalition government investment of about $3.5 million into growing our test facilities and ensuring Australia is in the best place it can possibly be to part of the space race.
Around $2.5 million of that money will fund the Space Payload Qualification Facilities project to grow local space capabilities.
“We’re hoping that there will be great engagement from state and territories but also the private sector, because we want to make sure the test facilities for space are available here in Australia so organisations such as Gilmour Technologies, based right here on the Gold Coast, don’t have to sent their equipment overseas for tests.
“We want to make sure Australia is leading the way,” Minister Andrews said.
Great to be at @GilmourSpace with #teamGoldCoast to announce the Morrison Government is investing about $3.5 million to grow Australia’s space industry. This is part of our broader plan to ensure Australia’s strong economic growth and more job creation. pic.twitter.com/YaIy9xqx8g
— Karen Andrews MP (@karenandrewsmp) May 13, 2019
The Morrison Government is also providing $900,000 to explore Australia’s growing readiness in launch capability.
“With such active interest from across Australia, we need to ensure our risk frameworks are appropriate and we meet our international and national obligations,” Minister Andrews said.
“This project will investigate the economic and policy issues posed by a domestic small launch capability, compliance with international obligations, national legislation and regulatory and risk frameworks to protect our national interests, environment and safety.”
Funding for both projects is part of the $19.5 million Space Infrastructure Fund announced in this year’s Budget.