The Liberal National Government’s dollar-for-dollar industry assistance program has generated $80million in new resource contracts for Western Australian suppliers, leading to 87 new jobs and 10 apprenticeships.
Commerce Minister Michael Mischin said the Industry Facilitation and Support Program (IFSP) provided funding to help WA-based companies to win work on major resource projects under way in the State.
Mr Mischin said the first round of IFSP grants had proved an outstanding success.
“The program has enabled companies to hire more staff, increase productivity and generate more than $80million in new contracts. This is an outstanding result that would not have been achieved without the support of this Government,” he said.
“For example, Alltype Engineering in Naval Base received $13,000 to develop a strategic business plan. This funding contributed to the company winning a contract to fabricate temporary sea fastenings for Chevron’s Gorgon Project.
“Likewise, $25,000 has enabled Landsdale’s Perth Survey Services to apply for health, safety and environmental accreditation. The company has since won $4million worth of contracts for the Wheatstone Project, employing three new staff members.”
The Minister said IFSP was vital in maximising local industry’s share in new resource contracts.
“IFSP is delivering real benefits in helping WA companies to win resources contracts. I am confident that this trend will be maintained as further reports are received,” he said.
Mr Mischin said IFSP’s application process had also been praised for its simplicity when compared to Federal Government grants in this area.
An IFSP Royalties for Regions round is currently open
Briefings about the funding available for service and supply companies will take place in Karratha, Thursday May 30, and Bunbury, Thursday June 13
Minister’s office - 6552 5600