Future Industries Continue To Grow

20:10' 06-06-2018
The opportunities are growing in Victoria for young people seeking a career, with more than 162,000 jobs created in the state’s future industries priority sectors since November 2014. In the last 12 months alone, jobs in the future industries grew by 38,500 workers.

    Photo: asianaquapark.com

    New figures show around half of all jobs created in that period are in the Food & Fibre, Medical Technologies & Pharmaceuticals, Transport & Construction Technologies & Professional Services sectors. This is more than double the amount of jobs in these sectors compared to New South Wales and Queensland.

    Victoria's record spending on infrastructure mean the largest increases in employment were in construction and professional services.

    Through the Future Industries Fund, the government has provided direct support to 150 businesses, with financial assistance of over $30 million, driving almost $150 million of new investment. The Fund has also supported a significant number of targeted industry development initiatives in collaboration with industry and research partners, which will support sector and jobs growth over time.

    These include a Food Innovation Centre to help food manufacturers develop products for global markets, the Monash and Melbourne university joint drug discovery and commercialisation initiative Biocurate, Regional Manufacturing Clusters, new FinTech Hubs, and the introduction of Building Information Modelling in key government construction projects.

    Minister for Industry and Employment Ben Carroll said this was “good news for workers, good news for business and good news for the economy”, which has received an $11 billion boost.

    Park W


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Keywords: future industriesvictoriayoung people

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