The McGowan Government is supporting local businesses by providing up to $20,000 to assist them to secure procurement opportunities in the private and public sector.
The Local Capability Fund (LCF) aims to help local businesses improve their capability and competitiveness to supply goods, services and works to the Government, major projects and other important markets.
The McGowan Government is launching four new rounds of the LCF in 2019-20:
- Aboriginal business;
- Future battery industry;
- The Western Australian Industry Participation Strategy (WAIPS); and
- METRONET railcar procurement.
Applicants are encouraged to seize this opportunity to enhance their businesses with a view to ongoing growth, future job creation and the diversification of the Western Australian economy.
The funding will include assistance to meet essential pre-qualification requirements for supply-chain entry, purchase and upgrade of essential equipment, consultancy engagements related to a range of expertise, including occupational health and safety, marketing and finance.
Along with the new LCF rounds, the McGowan Government is continuing to support the steel and construction industries with the existing Steel Industry round.
The Steel Industry AS/NZS 5131 compliance and Business Information Services round will provide eligible businesses with funding to assist them to compete for State Government supply contracts.
Two previous LCF rounds focusing on WAIPS and the METRONET Railcar Procurement, saw 64 Western Australian Small-to-Medium Enterprises get grants worth more than $950,000.
For more information, visit https://www.jtsi.wa.gov.au/local-capability-fund or
As stated by Premier Mark McGowan:
“The new rounds of the Local Capability Fund will grow opportunities for Western Australian businesses to create jobs and diversify our economy.
“This round of LCFs aims to increase the number of State Government contracts awarded to Western Australian businesses.
“The McGowan Government is committed to supporting Western Australian businesses by capturing opportunities to drive economic growth and jobs.
“The Local Capability Fund will complement other funding the McGowan Government has allocated to support capability building for the business sector, and ensures those businesses can continue to support the Western Australian economy.”