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DRIVING AUTOMOTIVE INNOVATION IN COVID-19 RECOVERY

Monday, 27 July 2020
The Morrison Government is continuing to drive the local automotive sector with funding for Disc Brakes Australia (DBA) to take their innovative products and designs to the next level.
 
Disc Brakes Australia will use a $111,550 Automotive Innovation Lab Access Grant for the development of its world first rotors.
Member for Reid, Dr Fiona Martin MP, said the local grant was one of 17 across the nation, and the Government investment of $2.8 million was expected to unlock a further $3.6 million in industry funding.
 
“This is great news for our local economy as we work together in the COVID recovery period and I congratulate Disc Brakes Australia on their initiative and success,” Dr Martin said.
“Innovation and testing new ideas are hallmarks of Australia’s advanced manufacturing sector and this sort of Aussie ingenuity is vital to growing our economy and creating jobs.”
 
“We’re backing businesses who back themselves – it’s all about developing high-value products for both local use and to expand our overseas exports.”
 
Mr Phillip Joseph, General Manager of Disc Brakes Australia, is pleased by the Government’s investment into the innovative project.
 
“Disc Brakes Australia has been at the forefront of the automotive industry as a strong advocate of innovation and Australian manufacturing over its 40-year history,” Mr Joseph stated.
 
“This Federal government innovation grant will contribute to DBA’s ongoing investment in research and development and bolster our export opportunities as a leading supplier of performance and safety critical automotive parts.”
 
 
Dr Martin said the Automotive Innovation Lab Access Grants represent the Morrison Government’s ongoing commitment to supporting automotive manufacturing operations in Australia, particularly in niche areas.
 
“We’ve seen a renewed interest in local manufacturing and people are looking to back ‘made in Australia’ products. While there is a long road ahead, there are opportunities at this time for innovative businesses looking to grow and to export.”
 
“I’m pleased to be part of a government that is supporting our local businesses. Whether it’s lower taxes, cutting through red tape, grants like this or the Jobkeeper payments that have kept businesses afloat during the crisis, the Morrison government is determined to do all we can at this challenging time.”



Media Contacts
Vanessa Papastavros | 02 9715 7444 | Vanessa.Papastavros@aph.gov.au