The Australian Government targets sectors of strategic importance or competitive strength and with high growth potential through the Industry Growth Centres Initiative.
The key growth sectors were identified through independent economic analysis, including from Deloitte Access Economics, Pricewaterhouse Coopers, IBISWorld, Outlook Economics and McKinsey & Company. This led to the announcement of six target sectors for the Initiative as part of the Australian Government’s Industry, Innovation and Competitive Agenda (2014) and the National Innovation and Science Agenda (2015).
The Growth Centres began operations from June 2015.
Snapshot of achievements
A detailed outline of individual Growth Centre achievements is available further within this publication.