The Defence Dividend: Maximising spillovers from investment in maritime defence projects.
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The suite of maritime defence projects is among the most sophisticated engineering endeavours ever undertaken in Australia. As well as providing highly desirable and strategically valuable opportunities for Australian industry participation, major defence projects demand highly skilled and qualified people. They also generate a range of spillovers, which are economic and social benefits that cannot be easily captured by the firms directly involved in the delivery of a major project. This includes knowledge, technologies, enterprise capabilities and workforce skills developed or applied during the course of a major defence project that have commercial application. While the combined projects have the potential to accelerate industrial transformation and diversification efforts locally and nationally, this cannot be taken for granted. Steps need be taken to optimise the outcome. The challenge facing industry, government and the research community is to develop and successfully implement strategies capable of maximising the full range of industry and employment opportunities that arise – a challenge that requires all key stakeholders being committed to leveraging the economic benefits that complex defence projects can generate. This briefing is designed to inform discussions on what the key ingredients of a successful strategy of spillover maximisation might be, recognising that a parallel discussion is underway on how to maximise Australian industry participation in defence projects.
©  Flinders University / Australian Industrial Transformation Institute