With the election of a Liberal-National Party coalition government from the recent Federal poll on September 7th, changes to the bureaucracy that supports industry and R&D may be expected. We now have a Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education with Hon. Ian Macfarlane MP sworn in as Minister and Hon. Bob Baldwin MP becoming Parliamentary Secretary to the Minister.
Whilst we must wait to see what changes Minister Macfarlane and his Cabinet colleagues may implement, the Department meanwhile continues to work with the 2013-14 Budget adopted by the Federal Parliament in May 2013. Of interest is what priorities exist in that Budget, even though not framed by the new Minister.
So where will Federal funding support be directed throughout this current financial year? More than a third goes to the higher education sector, another quarter to secondary industry, significant amounts to medical and science research and then down to defence, rural and environmental research.
As well as formalising R&D Tax Incentive claims for clients, Eundo manages funding applications on behalf of SME’s and Not-for-Profits across all sectors. To one degree or another every Federal Minister oversees programs which reflect the delivery of policy initiatives. Nearly three quarters of funding comes from Mr Macfarlane’s portfolio, next from the Health & Aging Minister, and then significant amounts from each of the Ministers for Defence, Agriculture and Resources.
Eundo understands the application process into Government Departments and the funding outcomes that result for clients.
