Budget 2009: Funds for textile, clothing and footwear sector
Tuesday, May 12, 2009/
The Government has announced $401 million for innovation in the textiles, clothing and footwear industries as part of an assistance package in the federal budget.
The funding, which will begin in the 2009-10 fiscal year and carry over until 2015-16, will redirect current funds and add $10 million to existing initiatives.
But the Government has cut or scaled back existing programs within the industry to pay for the new programs, including discontinuing the TCF (textiles, clothing and footwear) Product Diversification Scheme, and scrapping plans for the TCF Supply Chain Opportunities Program.
The package includes $30 million for a TCF Strategic Capability Program, that the Government says will help expand innovation and performance in businesses.
A TCF Industries Innovation Council will be established, and will include members from businesses, unions, government officials and researchers.
The council will be commissioned by the Government to give advice on introducing a voluntary ethical quality mark, voluntary standards for clothing and footwear, and a national database for human figure measurement.
The Government will also establish a Building Innovative Capability Program, to be funded by an additional $25 million.
Other initiatives in the package include the retention of the TCF Small Business Network, the establishing of an innovation network to help industry leaders and researchers connect, and the introduction of previously legislated reductions in tariffs.
The textile, clothing and footwear industries employ over 45,000 workers nation-wide. The Government says the package is designed to support the development of high-tech products.
Many parts of the new assistance package were recommended to the Government in a review of the TCF industries by Professor Roy Green.
What do you think? Send us your comments using the field below.
- Budget 2009: Small business tax break boosted from 30% to 50%
- Budget 2009: Exporters get extra funding
- Budget 2009: Do Not Call register expanded
- Budget 2009: $22 billion for infrastructure in budget
- Budget 2009: First home owner grant extended for three months
- Budget 2009: High and middle-income earners hit by changes to private health insurance, super
- Budget 2009: Innovation spending boost, but new R&D tax breaks delayed
- Budget 2009: Key budget measures at a glance
- Budget 2009: Holiday shack attack
Forget marketing, the secret to business success is being well-liked Ian Whitworth Scene Change co-founder
Why brick-and-mortar will drive e-commerce by turning stores into distribution centres Brenton Gill Radaro managing director
Play, refine and grow: How I started a successful shoe business with just $100 Sarah Nally Sienna Baby founder
How we created an engaging online course with a 91% completion rate Emma Green Your CEO Mentor co-founder
Flexible working is all the rage, so here are six tips to help you get started Alison Michalk Quiip founder
Four tips for playing the long game in business, from Victoria's Small Business Woman of the Year Fiona White Own Body founder