In May this year, the Minister for Industry and Employment launched the Victorian Defence Industry Supply Chain Program.
The Program is a Future Industries Fund initiative that supports Victorian small and medium-sized enterprises (SMEs) to win more domestic and international defence and national security supply chain work.
In response to industry feedback about the Program, we have updated the guidelines to allow more Victorian SMEs to be eligible for funding.
What has changed?
The Victorian Government has removed the requirement for an applicant to employ less than 200 people within Australia in order to qualify as eligible for funding under the Program.
The focus of the Program remains on supporting SMEs, and an application from a business will be considered with regard to the size of its Australian workforce; its ownership structure; and the role the business plays in the Victorian economy. Each applicant's eligibility will be assessed on a case-by-case basis with regard to the need for government support.
The revised guidelines, along with details about the Victorian Defence Industry Supply Chain Program, are available at www.business.vic.gov.au/defence-support.
About the Victorian Defence Industry Supply Chain Program
The Victorian Defence Industry Supply Chain Program can support projects that address business systems and process certifications, tender response assistance and industry specific compliance requirements.
Grants from $2,000 to $50,000 are available to assist companies with eligible projects.
All grants must be matched by a minimum cash co-contribution of $1 for every $1 granted.
The Victorian Government’s Defence Industry eNewsletter keeps decision makers and Australia’s defence industry informed about the latest news and developments in Victoria’s defence sector.