AFGC calls for bold Budget action to boost jobs, productivity, and regional growth
5 February 2026
The Australian Food and Grocery Council (AFGC) has lodged its 2026–27 Pre-Budget Submission, calling on the Government to take bold action to support Australia’s food and grocery manufacturing sector – the nation’s largest manufacturing industry – and unlock jobs, productivity, and regional growth.
In 2023–24, the sector generated $173 billion in turnover, employed nearly 300,000 Australians, over a third in regional areas. It also accounted for $3.8 billion in capital investment, demonstrating the sector’s ongoing commitment to growth and innovation.
The AFGC’s submission sets out clear priorities for the 2026–27 Budget:
- Boost investment and productivity with tax incentives, including the Instant Asset Write-Off, and accelerated depreciation.
- Address skills gaps through a national skills audit and targeted regional employment grants.
- Strengthen supply chains and infrastructure with improved coordination, regulatory harmonisation, and national resilience measures.
- Expand exports and global competitiveness by supporting industry in navigating trade challenges, and progressing free trade agreements with the EU and India.
- Streamline regulations and drive innovation via digital supply chains, low-risk approvals, and national enforcement of food standards.
- Support health, nutrition, and sustainability through nutrition literacy initiatives, SME reformulation programs, digital labelling, and circular economy measures.
“This is not about throwing money around,” said Colm Maguire, AFGC CEO. “It’s about targeted investment that lifts productivity, strengthens regional economies, and delivers high-return outcomes for Australia.”
“Food and grocery manufacturing is not just about providing everyday essentials to Australians – it is a cornerstone of our economy and a major source of jobs, particularly in regional communities,” Mr Maguire said. “Our submission outlines practical, sector-wide reforms that will benefit the entire nation, supporting productivity, innovation, and economic resilience.”
The full AFGC 2026–27 Pre-Budget Submission is available here.
Media Contact:
Ingrid Cruz
media@afgc.org.au
