- Industry assistance to defence and shipbuilding businesses
- Up to $30,000 in matched funding available for small, medium-sized businesses
Applications for the State Government's successful Industry Facilitation and Support Program (IFSP) are now open to the defence and shipbuilding sectors to improve their competitiveness and opportunity to engage in major naval projects recently announced by the Australian Government.
Commerce Minister Michael Mischin, who today launched the ninth round of the IFSP, said the dollar-for-dollar industry assistance program enabled Western Australian-based small and medium-sized businesses to prepare for potential involvement in aspects of the defence market and supply chains that relate to the Australian Government's $89 billion naval build and maintenance program.
"Since the IFSP was introduced in 2011 to support involvement in supply to resource projects, the State Government has committed $4 million to 241 small-to-medium sized enterprises, resulting in more than $289 million in contract awards and 506 new employment opportunities, including 56 apprenticeships," Mr Mischin said.
"The program also stimulated business investment at a ratio of about 1:3.5 covering aspects such as equipment upgrades, accreditation and refinements to business models.
"The current defence and shipbuilding round of the program will enable small-to-medium sized enterprises to apply for up to $30,000 in matched funding to build competiveness and realise contract opportunities."
Regional Development Minister Terry Redman said he was pleased to see the program extend into the defence and shipbuilding industries thanks to a $130,000 investment from the State Government's Royalties for Regions program.
"This investment will enable small-to-medium sized enterprises State-wide to better position themselves to target a share of the upcoming multibillion-dollar naval shipbuilding projects," Mr Redman said.
"The IFSP continues to support regional businesses in becoming more competitive and resilient, bringing demonstrable benefits to local communities."
- This round closes at 5pm Friday, April 15, 2016
- The IFSP is administered by the Department of Commerce in collaboration with the Australian Industry & Defence Network - Western Australia
- Since its launch in 2011, it has resulted in $4 million being committed to 241 small-to-medium sized enterprises, including 166 regional companies State-wide
- More than $289 million in contracts awarded and 506 new employment opportunities have been realised, including 56 apprenticeships
- For more information, visit http://www.commerce.wa.gov.au or http://www.aidn-wa.org.au
Commerce Minister's office - 6552 5600
Regional Development Minister's office - 6552 6700