Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

Australian industry cannot move up the value chain without a world-class research sector. That is why, for example, we are providing $1.1 billion for facilities and for equipment to support research in areas of Australia’s strength through the Super Science Initiative. What we are doing here is focusing on the technologies that will make our existing industries much more sustainable and support the growth in critical industries of the future.

We are about building an economy for the 21st century. We have put our universities on a sustainable funding formula. We have ensured that for the first time in years we are delivering an extra $2.6 billion for block grants through to indexation. We will provide $4.1 billion in infrastructure through the Education Investment Fund. We are about supporting the critical work of our public research agencies. That is why the CSIRO funding has jumped 18 per cent since we came to office. (Time expired)