The Victorian Government investment comes alongside a $200,000 combined commitment from Deakin, which is a foundation partner, together with the City of Greater Geelong and the Geelong Manufacturing Council.
The funding will enable the Cluster to hire a CEO who is expected to be based at Deakin’s Geelong Waurn Ponds Campus and will focus on assisting members with business growth and productivity opportunities, growing the membership and ensuring the ongoing sustainability of the cluster.
Carbon Nexus Director, Derek Buckmaster, said the funding was welcome news and would enable the Cluster to grow its membership base from the current nine foundation members and generate new investment in advanced manufacturing in the region.
Carbon Nexus Director, Derek Buckmaster said:
“Conservative estimates reveal that over four years, 250 new direct jobs will be created in advanced manufacturing with new investment of between $50 million and $200 million in to the Geelong region,”
“The Cluster is expected to also be responsible for generating $600 million in increased economic activity in the Geelong region alone and $741 million in Victoria overall. The lasting economic benefits of a successful cluster to the Geelong region are substantial.
“By promoting collaboration within the carbon fibre and composite industries we can bring to Geelong high value manufacturing that is more competitive, profitable and sustainable, so we welcome the Victorian Government’s investment.
“Our vision for the Cluster is to create an internationally-recognised region of excellence in advanced fibre and composite manufacturing and innovation.
“Deakin established the Carbon Nexus research facility at Waurn Ponds in 2014 with a vision to grow the economic impact of carbon fibre research and production in the Geelong region.
“The establishment of the carbon fibre Cluster is helping to bring this vision to fruition, and will accelerate the creation of new jobs for the companies involved in carbon fibre in the Geelong region.”
Companies: Carbon Nexus