16 May 2016 –
I am on the Gold Coast today meeting with businesses to talk about the opportunities and challenges to accelerate the growth of Queensland’s burgeoning aerospace sector. Local businesses are gathering at Craig International Ballistics in Arundel to participate in a workshop on the future of the industry and to provide feedback on the action plan to boost the sector.
The Palaszczuk Government wants to diversify our economy and build high-skill jobs for the future, especially in growth sectors like aerospace. Aerospace generated $600 million for the state economy last year and provides 4,500 direct jobs for Queenslanders in the aircraft component manufacturing and repair services sector alone.
With the global market set to be workth US$352.5 billion by 2023, there is amazing potential for growth in the Queensland industry.
The on-the-ground knowledge that local businesses like these at the Gold Coast today are able to impart is crucial in getting the policy settings and future actions right to grow this priority industry.
Today’s workshop is the southernmost in a statewide series from Cairns to Toowoomba generating feedback to inform the action plan. I released the Queensland Aerospace 10-Year Roadmap discussion paper earlier this month to set the state on the flightpath towards being a muli-billion dollar aerospace hub in the Asia-Pacific.
Craig International Ballistics is a Gold Coast industry leader that manufactures armoured panels for aircraft, vehicles and people. The company has grown significantly over the past 18 months and has increased their workforce from eight to 30 staff.
The discussion paper is open for feedback until Friday 27 May. For more information about Queensland aerospace visit www.statedevelopment.qld.gov.au/aerospace