Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Victorian SMEs get leg-up with new program

victorian smes get leg up with new program

The Victorian government has created a new program to help Victorian defence supply chain businesses secure contracts.

The Victorian government has created a new program to help Victorian defence supply chain businesses secure contracts.

The Andrews Labor government said the $2 million Victorian Defence Industry Supply Chain Program will give businesses across Victoria the best possible opportunity to secure work in defence and national security.

Advertisement
Advertisement

The government said, in particular, the program will help local businesses gain relevant accreditations, prepare tenders and meet industry specific compliance requirements, which it believes will ensure local defence supply chain companies are locally and internationally competitive and tender-ready.

Minister for Industry and Employment Wade Noonan said the government is hoping to grow the state's industry and help SMEs play a part in the supply chain of some of the nation's biggest projects.

"Victoria has a proud history of defence capability and excellence, and we are getting on with the job of growing this important industry," said Minister Noonan.

"Supply chain businesses play a particularly critical role in delivering the country’s biggest defence projects.

"This program will put these companies in the best possible position to capitalise on future defence contracts."

PROMOTED CONTENT

The Victorian government is hoping the program will help the state's SMEs secure work from the Commonwealth government’s $195 billion defence capital investment program – including the LAND 400 Phase 2 project and shipbuilding programs.

Victoria is hoping to secure work for the LAND 400 program, for which BAE Systems Australian and Rheinmetall are currently tendering.

Funding is available to Victoria’s small to medium enterprises that are currently supplying to defence or national security related supply chains, as well as those looking to enter the market.

Grants of up to $50,000 are available to businesses under the program, which requires applicants to provide matched funding cash co-contribution.

Recently, the Labor government reappointed former federal minister Greg Combet as Victoria’s defence industry advocate to promote the state's defence credentials.

The Victorian defence sector contributes up to $8 billion to the state's economy annually and is made up of more than 300 businesses, employing around 7,000 people.

For more information about the program, click here.

 

 

Victorian SMEs get leg-up with new program
SME-program.jpg
lawyersweekly logo

The inaugural Defence Connect AIC Summit will place you with key decision-makers and stakeholders within the defence industry to discuss the government’s intention to improve AIC and increase the nation’s sovereign production, defence capability and resilience. Don’t miss your chance to be part of this event, register for free today to attend the live stream on 22 October. Register your interest to attend, visit: www.defenceconnect.com.au/aic-summit

more from defence connect

Sep 20 2021
Indigenous company to build new facilities at RAAF Base Darwin
A leading Indigenous construction company has been contracted to deliver a $7 million explosive ordnance storage facility at RAAF ...
Sep 20 2021
archTIS acquires Cipherpoint’s European software division
Australian cyber security company archTIS has acquired the European operations of Cipherpoint’s software division, the company c...
Sep 20 2021
Skyborne delivers CHAOS 12GA UAS to UK Defence and Security Accelerator
Skyborne Technologies has delivered its CHAOS 12GA weapon payload system to the UK’s Defence and Security Accelerator (DASA). ...