Premier’s foreword We talk so much our economic but this transition won’t occur on its own. We have ‘transition’, to take action ourselves. We need a real plan. And we need to invest. That’s what our $200 million Future Industries Fund is all about. The priorities of today will define our economic future, and we believe the Victorian Government needs to set those priorities. With those priorities in mind, we can work with businesses to grow our traditional industries and invest in the sectors that will shape the next century. Our Government has identified the priority sectors with potential for remarkable growth the sectors in – which Victoria is uniquely poised to lead the world: Medical technology and pharmaceuticals • New energy technologies • Transport, defence and construction technologies • Food and fibre • International education • Professional services. • Collectively, these sectors have the potential to drive up to $70 billion in additional economic output by the year 2025, and create over 400,000 new jobs for Victorians. The $200 million Future Industries Fund is turbocharging these priority sectors through job-creating grants to specialist firms and companies. The $500 million Regional Jobs and Infrastructure Fund and the $508 million Premier’s Jobs and Investment Fund also lay the foundation for growth across our entire economy. We have a few advantages under our belt: high-quality infrastructure, skilled workers, world-class liveability, well-connected cities, productive land and resources, all in close proximity to Asia. The growth of our state is reflected in the growth of our construction industry. Accounting for almost 240,000 jobs or 8.2 per cent of Victoria’s workforce and contributing $21.6 billion annually to the economy, it’s – – vital to our state’s future. And as the sector continues to innovate, incorporating new construction methods, materials and technology, the Victorian Government must also look to the future. Our priorities for assisting this sector, outlined in this strategy, are the next step. It’s all securing the high-growth industries of the future, and the jobs that come with them. The Hon. Daniel Andrews MP Premier of Victoria
Premier’s foreword We talk so much our economic ‘transition’, but this transition won’t occur on its own. We have to take action ourselves. We need a real plan. And we need to invest. That’s what our $200 million Future Industries Fund is all about. The priorities of today will define our economic future, and we believe the Victorian Government needs to set those priorities. With those priorities in mind, we can work with businesses to grow our traditional industries and invest in the sectors that will shape the next century. Our Government has identified the priority sectors with potential for remarkable growth – the sectors in which Victoria is uniquely poised to lead the world: • Medical technology and pharmaceuticals • New energy technologies • Transport, defence and construction technologies • Food and fibre • International education • Professional services. Collectively, these sectors have the potential to drive up to $70 billion in additional economic output by the year 2025, and create over 400,000 new jobs for Victorians. The $200 million Future Industries Fund is turbocharging these priority sectors through job-creating grants to specialist firms and companies. The $500 million Regional Jobs and Infrastructure Fund and the $508 million Premier’s Jobs and Investment Fund also lay the foundation for growth across our entire economy. We have a few advantages under our belt: high-quality infrastructure, skilled workers, world-class liveability, well-connected cities, productive land and resources, all in close proximity to Asia. The growth of our state is reflected in the growth of our construction industry. Accounting for almost 240,000 jobs – or 8.2 per cent of Victoria’s workforce – and contributing $21.6 billion annually to the economy, it’s vital to our state’s future. And as the sector continues to innovate, incorporating new construction methods, materials and technology, the Victorian Government must also look to the future. Our priorities for assisting this sector, outlined in this strategy, are the next step. It’s all securing the high-growth industries of the future, and the jobs that come with them. The Hon. Daniel Andrews MP Premier of Victoria
Construction-Technologies-Strategy-accessible-20160310.docx