Advancing local defence supply chain companies
Published: 19 May 2017
Victorian defence supply chain businesses will have access to funding to help secure contracts and create new jobs under a new State Government initiative.
The new Victorian Defence Industry Supply Chain Program will give businesses across the state the best possible opportunity to secure work in defence and national security supply chains.
The program will help local businesses gain relevant accreditation, prepare tenders and meet industry specific compliance requirements, such as International Traffic in Arms Regulations and the Defence Industry Security Program.
This will ensure local defence supply chain companies are locally and internationally competitive and are tender-ready.
The program is open to Victorian small to medium enterprises that are currently supplying to defence or national security related supply chains or that have a genuine intent to enter one of these supply chains.
A maximum grant amount of $50,000 (excl. GST) is available to businesses through the program which requires applicants to provide matched funding cash co-contribution.
The defence sector contributes up to $8 billion to the State's economy annually. Victoria's defence industry includes more than 300 businesses and employs around 7,000 people.
Visit Business Victoria website for more information about the Defence Industry Supply Chain Program.