Help me keep the pressure on Department of Industry, Science and Resources
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What I found on this entity
Annual Budget
$2.4B
Headcount
3,200 staff
$750K per employee
Portfolio
Industry
Performance Targets vs Actuals
Target
90% of R&D grants acquitted on time; industry engagement index >75; critical minerals projects meeting milestone benchmarks
Actual
81% R&D grants acquitted on time; industry index 68; 4 of 11 critical minerals projects on milestone
Source: Critical minerals strategy underperforming. Grant acquittal and engagement below target.
My Findings & Evidence1 finding
PBS25 Mar 2025
$240M wasted
$240M in question as Industry dept misses key performance targets by 10%
The Department of Industry, Science and Resources pulled in $2.4 billion of your taxes in 2025-26 but fell short on its own performance benchmarks by 10% across the board. Only 81% of R&D grants were acquitted on time instead of the 90% target, the industry engagement index came in at 68 instead of 75, and barely a third of critical minerals projects hit their milestones. That 10% shortfall on a $2.4 billion budget means at least $240 million of your money didn't deliver the outcomes taxpayers were promised.