Victorian defence supply chain businesses will have access to funding to help secure contracts and create new jobs under a new initiative announced by the Andrews Labor Government.
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.
In particular, the program will help local businesses gain relevant accreditations, prepare tenders and meet industry specific compliance requirements.
This will ensure local defence supply chain companies are locally and internationally competitive and are tender-ready.
Victorian companies deserve the best opportunity to secure work from the Commonwealth Government’s $195 billion defence capital investment program – including the Land 400 Phase 2 project and shipbuilding programs.
Funding is available to Victoria’s small to medium enterprises that are currently supplying to defence or national security related supply chains and 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 AM as Victoria’s Defence Industry Advocate to promote our defence credentials.
Our 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 this program, visit http://www.business.vic.gov.au/defence-support
Quotes attributable to Minister for Industry and Employment Wade Noonan
“Victoria has a proud history of defence capability and excellence, and we are getting on with the job of growing this important industry.”
“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.”