Newcastle is set to further cement its reputation as a hub for cutting-edge innovation, with the Albanese Government announcing a $20.7 million investment to establish the Future Industries Facility at the University of Newcastle.
Funded under the regional Precincts and Partnerships Program, the new facility will provide two state-of-the-art industrial spaces designed to fast-track technology development and support local businesses. Housed within the university’s Next Gen Precinct, the facility aims to become a dynamic problem-solving centre for the community and small businesses, driving solutions across the energy, resources and manufacturing sectors, with a strong focus on the transition to a net zero economy.
The Future Industries Facility will enable up to 16 academic-industry partnerships, accelerating the development of innovative technologies from research to market. It will also provide students with hands-on experience in prototyping products for manufacture, while offering small to medium enterprises (SMEs) the opportunity to co-locate and test their technology in a purpose-built environment.
Beyond fostering innovation, the project is set to deliver significant economic benefits, contributing an estimated 740 direct and indirect jobs to the Newcastle region.
Minister for Infrastructure, Transport, Regional Development and Local Government, Catherine King, said that the initiative will build on Newcastle’s longstanding industrial heritage: “The Future Industries Facility will build on Newcastle’s vital role as an industrial powerhouse and source of skilled workers. Our investment will train the next generation in the latest practices in energy, resources and manufacturing, preparing them for a net-zero future.”
Member for Newcastle, Sharon Claydon, welcomed the announcement, emphasising its impact on the local community: “Focusing on accelerating resource sustainability, workforce training and productivity, the Future Industries Facility will contribute an estimated 740 direct and indirect jobs. This investment will secure a bright future for our region, strengthening partnerships between the university and local industry, and equipping graduates with the latest skills and practices, as we prepare for the net zero economy.”
The project forms part of the broader $47.9 million Precincts and Partnerships Program, which is funding the transformation of seven regional precincts across New South Wales.
For more information on the program, visit Regional Australia.
