Deakin welcomes Federal Government investment in Geelong

"As we all know, Geelong's future is high-value, advanced manufacturing, which is why Deakin University welcomes today's $10.1 million Federal Government investment in the city's continuing economic transformation," Professor den Hollander said.

"Deakin is passionate about supporting the communities we serve, working collaboratively with industry and relevant business and governments to drive forward solutions to the challenges confronting our region.

"Our University has played a key role in finding these solutions, leveraging off our world-class research, infrastructure, and industry and government partnerships.

"Deakin's award-winning Carbon Nexus centre was established at Waurn Ponds in 2014 as a globally-unique, cutting-edge research facility to conduct basic and industrial-scale research into carbon fibre production methods and composite manufacturing techniques.

"Since then, Carbon Nexus has supported Geelong to establish itself as a world leader in carbon fibre research and manufacturing, supporting the development of a new, high-value manufacturing industry that is creating jobs for the region.

"We're especially pleased to see Advanced Manufacturing Growth Fund support for Carbon Revolution and LeMond Composites, with each company receiving $2.5 million to expand and develop their operations at Deakin's Waurn Ponds campus.

"Carbon fibre development was a key project highlighted by the Geelong Economic Futures blueprint Deakin jointly developed with the City of Greater Geelong and G21, and today's Federal Government investment is a welcome show of support for this shared vision.

"For Geelong to secure 34 per cent of the Advanced Manufacturing Growth Fund's first round demonstrates the strength of this vision, and the work of the Member for Corangamite to advance the region's plan in Canberra."