Submarines News


Opportunities open up for Victorian SMEs

Victorian small businesses will have access to funding to help secure contracts and create new jobs under a new initiative announced by the Victorian Government.

The $2 million Victorian Defence Industry Supply Chain Program will give businesses across Victoria the best possible opportunity to secure work in defence and national security.

In particular, the program will help local businesses gain relevant accreditations, prepare tenders and meet industry specific compliance requirements.

This will ensure local defence supply chain companies are locally and internationally competitive and are tender-ready. Victorian companies deserve the best opportunity to secure work from the Commonwealth Government’s $195 billion defence capital investment program – including the Land 400 Phase 2 project and shipbuilding programs.

Funding is available to Victoria’s small to medium enterprises that are currently supplying to defence or national security related supply chains and those looking to enter the market. Grants of up to $50,000 are available to businesses under the program which requires applicants to provide matched funding cash co-contribution.

Minister for Industry and Employment Wade Noonan said “Supply chain businesses play a particularly critical role in delivering the country’s biggest defence projects - this program will put these companies in the best possible position to capitalise on future defence contracts.”

The Australian Industry & Defence Network-Victoria has welcomed the initiative.

AIDN-Victoria President Stephen Harvey said he was particularly pleased that the new program promised to be accessible and to expedite applications from small businesses, removing unnecessary administrative burdens and processing delays.      

“This new commitment of funding from the Victorian Government is another vote of confidence in the local companies that provide niche capabilities to the defence sector,” Mr Harvey said. 

“The funding will allow companies to achieve much-needed certification and accreditation standards that are often essential to pre-qualify for involvement in defence work.”      

“The partnership and involvement of specialist advisors from the Federal Government’s Centre for Defence Industry Capability will help businesses to know what support they most need.”        

More information on eligibility for the program and how to apply is available here