Australian government gives footwear companies $2.7m
Over 60 Australian footwear and clothing companies will receive their share of a $2.7 million (AUD$2.5 million) government funding boost to upgrade their manufacturing and management processes.
The funding is part of the government’s Textile, Clothing and Footwear (TCF) Small Business Program, offering businesses grants between $15,000 and $50,000, depending on eligibility.
The TCF sector has been facing stiff competition from cheaper overseas labour, and rising material prices.
“We have more than 45,000 people employed in the TCF industries. It is an integral part of our manufacturing sector,” said Innovation Minister, Senator Kim Carr.
“By updating business processes, the 67 businesses stand a better chance of succeeding in a tough environment. The job prospects of 45,000 people – many in regional Australia – will be a lot more secure.”
The TCF Small Business Program joins the government’s TCF Strategic Capability Program, announced in April this year, which is a five-year, $35 million investment scheme to build Australia’s capabilities.
