The Weatherill Labor Government has cut funding to its Manufacturing and Innovation program in this month’s State Budget by more than $8 million
The objectives of the Manufacturing and Innovation program in the Department of State Development include:
- connecting firms to research providers and knowledge networks in the private and public sectors;
- assisting manufacturing and the development of high-tech products;
- implementing business transformation strategies to improve productivity and competitiveness; and,
- partnering with local communities and business to support economic transformation.
The 2015-16 estimated budget result for the program was $24.478 million, which has been cut to $16.329 million in the 2016-17 Budget.
“Sadly this is another example of Weatherill Labor Government hypocrisy,” said State Liberal Leader Steven Marshall.
“The Weatherill Labor Government claims to support the innovation sector in South Australia, and then cuts funding to that very sector.
“Innovation is a growing sector and an important one for South Australia to tap into – last month’s State Budget was actually a perfect opportunity to increase funding to the innovation sector.
“These budget cuts come at the wrong time for a transitioning economy.
“Yet again we see the Weatherill Labor Government not having the right policy settings in place to deal with the challenges facing the South Australian economy.”