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15 September 2021
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Australia

$2 million boost for Western Australian businesses

Posted On July 20, 2021

Source: https://www.mediastatements.wa.gov.au/Pages/McGowan/2021/07/2-million-dollar-boost-for-Western-Australian-businesses.aspx 

The McGowan Government has announced three new Local Capability Fund (LCF) rounds worth $2 million to assist local businesses to increase their capability and competitiveness to secure contract opportunities.

The Local Capability Fund continues to play a critical role in supporting small and medium sized enterprises (SMEs) to access the State Government's estimated $30 billion per annum spend on goods, services and works for the community.

The funding aims to help local SMEs improve their capacity to supply goods, services and works to the Government, major projects and other important markets.

Grants can be used to cover expenses such as meeting essential pre-qualification requirements for supply-chain entry, or buying and upgrading essential equipment.

Businesses can use funding to pay for consultant advice on a range of matters, including occupational health and safety, marketing, finance and cybersecurity.

The three new LCF rounds announced by the McGowan Government are the:

  • Aboriginal Business Round - businesses with majority Aboriginal ownership can receive up to $50,000 to improve their capability and competitiveness to supply goods, services and works;
  • Supplying Key Major Projects Round - up to $50,000 to help SMEs improve their capability and capacity to supply to major State Government civil construction and infrastructure projects or major private sector projects; and
  • National and International Standards Compliance Round - up to $20,000 to help SMEs with the costs of engaging external experts to carry out implementation and third party certification of national and international standards.

To date there has been a total of $17.33 million provided to 551 applicants, helping to secure more than $569 million in new contracts and create 1,032 jobs and 170 apprenticeships.

To find out more about the LCF and to submit an application, visit http://industrylink.wa.gov.au/local-capability-fund

 

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15 September 2021

Virtual Event
Australia

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