The Morrison Government is supporting Australia’s defence industry to pursue more opportunities in global markets at a critical time as the nation embarks on its COVID-19 economic recovery.
Minister for Defence Industry Melissa Price today announced the latest recipients of the Defence Global Competitiveness Grant program, helping small businesses overcome barriers to exporting.
A total of $361,116 in grants funding has been awarded to four companies: Advanced Power Drives, Redarc Electronics, Safe Defence Australia, and Ferra Engineering.
“The grants will help these small businesses increase their manufacturing and production capabilities to tap into new markets and grow their business,” Minister Price said.
“The Morrison Government is supporting small businesses to export their products and services to help grow and sustain a sovereign defence industry.
“We recognise that export success is a win for industry, a win for Defence and a win for the Australian economy.”
The Government’s export support builds on a range of grants and services that Defence offers businesses to innovate and upskill their capabilities.
Defence Global Competitiveness Grants are available to help Australian small and medium businesses invest in projects that help to build their export capacity.
Grant applications can submitted at any time through www.business.gov.au/dgc.
The Defence Global Competitiveness Grants announced today:
Advanced Power Drives Pty Ltd
To increase the businesses electronic controller manufacturing capability for parts used in tank gunsights and unmanned aerial vehicles. The company is exploring opportunities in the United States.
Redarc Electronics Pty Ltd
To assist the company expand into new markets by coating printed circuit boards. The grant will enable Redarc’s existing product to be suitable for use in several overseas markets as the coating would provide added protection for use in commercial military vehicles.
Safe Defence Pty Ltd
To assist in installing equipment to enable in-house production, increasing the businesses capacity to take on new work and grow exports. Potential demand is supported by interest from overseas customers in Canada, Japan and New Zealand.
Ferra Engineering Pty Ltd
To assist in purchasing equipment to enable the machining of vacuum brazed parts to supply aerospace components. This will assist the business to grow sales by opening up further opportunities in Europe and the UK.