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New programs to give Victorian SMEs a boost

Boost your Business Round 2 opens 4 June and closes 13 July 2018

The second round of applications for the Boost Your Business Voucher Program has now opened.

Boost Your Business Vouchers are aimed at helping Victorian businesses to become more productive, employ more people, improve market access, and increase their scale, diversity and profitability.

The second round of the Program now includes a new Defence, Aerospace and Security stream to support Victorian small and medium-sized enterprises (SMEs) win more domestic and international defence, aerospace and security supply chain work. Applications for this round must be submitted by COB 13 July 2018.

The existing Victorian Defence Industry Supply Chain Program has also been updated and will now support capital works expenditure to ensure businesses can meet industry-specific compliance requirements to win more work. Grants of up to $100,000 for capital projects are available to give businesses across Victoria the best possible opportunity to secure work in the defence, aerospace and security sectors.

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

What types of projects are eligible?

The Boost Your Business vouchers support projects that include activities to help businesses improve their market engagement, innovation and business capability.

The Victorian Defence Industry Supply Chain Program supports capital projects that will assist businesses to meet industry specific compliance requirements.

Funding available

Up to two vouchers of up to $50,000 are available under the Boost Your Business Voucher Program.

Up to two grants of up to $100,000 are available under the Victorian Defence Industry Supply Chain Program.

All applications must be matched by a minimum cash co-contribution of $1 for every $1 granted.

More Information

For more information, including eligibility, requirements and program guidelines, visit the websites below or call Business Victoria on 13 22 15.

Boost Your Business Program: http://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/Boost-Your-Business/defence-aerospace-and-security-voucher-stream

Victorian Defence Industry Supply Chain Program: http://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/victorian-defence-industry-supply-chain-program.