16 WA SMEs to receive share of more than $350,000 to up-skill and diversify
A mix of companies looking to secure a share of the $89 billion in defence works
IFSP has provided $4.4 million to 257 SMEs contributing to 565 jobs since 2011
Metropolitan and regional businesses across Western Australia will share in more than $350,000, as part of the defence-specific round of the State Government's Industry Facilitation and Support Program (IFSP).
Commerce Minister Michael Mischin said the assistance would enable the 16 small and medium-sized businesses to improve their competitiveness to secure work related to the Australian Government's multi-billion dollar defence programs.
"The successful recipients will use this funding to up-skill and diversify their business base, including purchasing new equipment, upgrading facilities, and contracting finance and marketing experts," Mr Mischin said.
"The program will help these businesses to be in the best position possible to bid for defence-related contracts. It is pleasing to see a number of the companies have taken the opportunity to access this funding to help transition into the defence space. For example, Award Signs in Bellevue will expand its premises to create more space and purchase a latex printer.
"Award has been reliant on the resources sector for a number of years and with the change from construction to operation, the company is now looking to supply other areas including defence. This direct investment into their business will boost its capacity to respond to current and future customer needs."
Regional Development Minister Terry Redman said the State Government's Royalties for Regions program contributed $130,000 to this round.
"This dollar-for-dollar industry assistance program has supported 257 Western Australian-based SMEs to win 539 major contracts valued at $313 million since 2011," Mr Redman said.
"IFSP has been an extremely successful program with the State Government's $4.4 million investment in local industry, resulting in hundreds of millions of dollars in major contracts that have created 565 new jobs, including 66 apprenticeships."
The IFSP is administered by the Department of Commerce in collaboration with the Australian Industry & Defence Network - Western Australia
WA is home to more than 150 design, support and service companies which support manufacturing for the local maritime, defence and resource sectors
In 2013-14, defence contracts in WA totalled an estimated $624 million, creating up to 3,000 jobs
IFSP defence round recipients below
Commerce Minister's office - 6552 5600
Regional Development Minister's office - 6552 6700
IFSP Defence Round Recipients
Award Signs (WA) Pty Ltd (Bellevue) - $24,105 to upgrade their premises and to purchase a latex printer
IKAD Engineering Pty Ltd (Bibra Lake) - $30,000 to purchase a welding machine, roll plates, gas monitors and lathes
COSA Group Rentals (Bibra Lake) - $4,353 to purchase equipment
Overflow Industrial Pty Ltd (Bunbury) - $20,092 to purchase fibre optic termination and testing equipment
Avid EPG Group (Forrestfield) - $15,500 to upgrade existing manual bending and punching equipment
GCo Electrical (Geraldton) - $30,000 to improve internal business infrastructure systems
Wiltrading STACE Defence Pty Ltd (Henderson) - $24,900 to purchase camera equipment and upgrade the Customer Relationship Management system
Kulin Group Pty Ltd (Henderson) - $13,400 towards strategic marketing services
ScafWest Pty Ltd (Lansdale) - $30,000 towards strategic marketing services and equipment for an extra MOSY truck
Fox Transportables Pty Ltd (Malaga) - $10,617 to employ an accountant for financial and business planning; and to purchase a new static line and power tools
Western Advance Pty Ltd (Malaga) - $13,000 towards promotional activities
Watmarine Engineering Pty Ltd (Naval Base) - $30,000 to purchase lathes and a forklift
Fortis Consulting (Perth) - $29,088 to upgrade internal infrastructure
Indigo Cabinets Pty Ltd (Wedgefield, Pilbara) - $30,000 to purchase an edgebander
Pilbara Towing & Tilt Tray Services (Port Hedland) - $26,590 to purchase a super tilt tray
Pilbara Landscapes Pty Ltd (Port Hedland) - $19,250 to purchase an excavator