Aussie Aerospace company Gilmour Space awarded $52m MMIC grant

Angus Taylor, Minister for Industry, Energy and Emissions Reduction

A national network with a mission to advance local space manufacturing and future launches in Australia is being backed with $52 million from the Morrison Government. The Government has announced funding for the $157 million Australian Space Manufacturing Network (ASMN) under the Collaboration Stream of the $1.3 billion Modern Manufacturing Initiative.

Australia’s largest space manufacturers, Gilmour Space Technologies will work with a range of partners and universities to create a manufacturing and test hub and a manufacturing facility to produce launch vehicles and satellites. The funding will also support the Bowen Orbital Spaceport in North Queensland, preparing its launch pad to fire rockets into orbit.

What does the grant mean for the Aussie Space sector?

The industry-led network will support Australia’s growing space sector to see great Aussie ideas go all the way from initial concepts, to commercialisation and finally to launch right here on home soil. Over the next five years, it’s expected the project will support more than 850 new jobs, including 350 space manufacturers in highly skilled engineering and technical roles.

Minister for Industry, Energy and Emissions Reduction, Angus Taylor said the Government’s investment in the project will help unlock further collaboration between small and medium businesses and researchers to see launch vehicles and satellites take off to space.

“Australia’s space sector has already taken leaps. The race is on in the $600bn global space economy and the Australian Space Manufacturing Network will help cement the incredible opportunities for local companies to be part of the excitement of launch,” Minister Taylor said.

“From testing to manufacture, to assembly and finally launch, this project will harness great Australian technical know-how to attract further private investment and create hundreds of high-skilled and high-value jobs. This is a big win for Queensland jobs.”

“Through the work of the Australian Space Agency we know that space technologies are playing an increasingly important role on earth, supporting navigation systems which draw on them in our cars and smartphones and by farmers to monitor the health of their crops.”

What does the grant mean for general manufacturers?

Minister for Science and Technology Melissa Price said this was another example of how the Morrison Government was growing the space sector for the benefit of all Australians.

“This investment will rocket us toward our goal of tripling the size of the Aussie space sector to $12 billion and creating up to an extra 20,000 new jobs by 2030,” Minister Price said.

“Space and manufacturing go hand in hand. By backing this project we are ensuring Australia can deliver across the entire space supply chain, from design  to launch and operation.”

“It also emphasises to our young people that there are a range of jobs with all different skills that are available to them in space, from actual rocket scientists through to space tradies.”

Member for Fadden, Stuart Robert said the funding demonstrates the Gov’t’s commitment to growing the manufacturing sector. “We are investing in Australian manufacturers to make them more competitive, resilient and able to scale-up to secure the industries of the future.”

“Gilmour Space Technologies are a great example of a local manufacturer using cutting-edge innovation to compete in global markets, while keeping jobs right here on the Gold Coast.”