A $20.7 million Future Industries Facility to transform R&D in Newcastle
Announced by Prime Minister Albanese today, the facility will foster partnerships between industry and academia, provide hands-on training for students, and create over 700 jobs in Newcastle.
The Federal Government has committed $20.7 million to establish the Future Industries Facility at the University of Newcastle, aiming to position the city as a leader in innovation and sustainability.
Announced under the Government’s regional Precincts and Partnerships Program, the funding will support the construction of two large-scale spaces designed to foster collaboration between academics and industry. The facility will form part of the university’s Next Gen Precinct and serve as a hub for advancing energy, manufacturing, and resource sustainability technologies.
Prime Minister Anthony Albanese described the project as an investment in Newcastle’s future. “This project will boost education, employment and training opportunities for Newcastle and the surrounding region,” he said.
The facility will be equipped to host up to 16 partnerships between academics and industry, enabling rapid development of new technologies from research through to market. It is expected to create around 740 direct and indirect jobs, while also giving small to medium-sized enterprises the chance to test and refine their technologies.
Students will benefit from hands-on opportunities to work on prototyping and product development, equipping them with valuable experience and preparing them for careers in emerging industries tied to the net-zero economy.
Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King spoke of the broader regional impact. “The Future Industries Facility will build on Newcastle’s vital role as an industrial powerhouse and source of skilled workers. Our investment will train the next generation in the latest practices in energy, resources and manufacturing, preparing them for a net-zero future,” she said.
The project is part of the broader $47.9 million regional Precincts and Partnerships Program, which is supporting the development of seven precincts across New South Wales. The initiative aims to transform regional, rural, and remote communities by fostering economic growth and creating local opportunities.
Member for Newcastle Sharon Claydon welcomed the investment, saying, “This investment will secure a bright future for our region, strengthening partnerships between the university and local industry, and equipping graduates with the latest skills and practices, as we prepare for the net-zero economy.”
