In its first budget handed down on Tuesday, May 13, 2008, the Federal Labour Government made a number of changes to the grant and support base for innovation; changes that weren’t available in the big picture overview.
These changes are now becoming evident, with a progressive release of changes to reflect new policies.
Overall, it seems that almost $2.5Billion has been cut from government programs, along with many of the programs themselves.
On the other hand, new grant programs are being introduced, with those so far announced totalling also around $2.5 billion. These new programs have reflected the government’s election promises to support initiatives in business development, skills training, manufacturing, export and the environment.
Most notable amongst the grant program casualties has been the Commercial Ready Program (including Commercial Ready Plus) which has been retrospectively discontinued from April 30.
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