Cooperative Research Centre to call Townsville HQ

Federal Government has announced that Townsville will be the headquarters for the Northern Australian Cooperative Research Centre (CRC).

This new CRC will direct at least $150 million, including an investment of $75 million from the Government, into commercialising research in areas like tropical health, food and agriculture which will boost productivity across the North.

The CRC for Developing Northern Australia will build on existing research, expertise and networks to quickly identify areas where collaborative research can deliver real-world outcomes that will benefit industries in the nation’s north.

The Minister for Northern Australia, Matthew Canavan said: “This investment is a vote of confidence in the future of Townsville. It builds on Townsville’s strengths in education and industry, and it is just the kick-start that the Townsville economy needs to create jobs.”

The CRC is expected to commence in mid-2016.

Read the full media announcement here.