The Western Australian Government has announced three new rounds of the Local Capability Fund (LCF) worth $2 million to assist local businesses to secure contract opportunities.
The rounds of the LCF for 2021-22, were announced by the Minister for State Development, Jobs and Trade Roger Cook on 19 July, including grants up to $50,000 for Aboriginal businesses.
The LCF aims to assist small and medium enterprises (SMEs) improve their capability, competitiveness and capacity to supply goods, services and works to the WA Government, major projects and other important markets. The three new LCF rounds are the:
- Aboriginal Business Round - businesses with majority Aboriginal ownership can receive up to $50,000 to improve their capability and competitiveness to supply goods, services and works
- Supplying Key Major Projects Round – up to $50,000 to help SMEs improve their capability and capacity to supply to major WA Government projects as found in the pipeline of work or key private sector market
- National and International Standards Compliance Round - up to $20,000 to help SMEs with the costs of engaging external experts to carry out implementation and third party certification of national and international standards.
The LCF provides funding for eligible activities, including the purchase and upgrade of equipment, training and qualifications, and improvements to internal business infrastructure and systems.
Minister Cook said he encouraged all eligible WA businesses to apply for the LCF. “The Local Capability Fund provides growth opportunities for small to medium businesses, helping them bid for State Government contracts worth more than $30 billion per year."
“These businesses play a vital role in strengthening the State supply chain, supporting the future growth of Western Australia,” he said. “The three new rounds worth $2 million will build on the proven success of the Local Capability Fund. I encourage businesses to take this opportunity and apply.”
Visit our Local Capability Fund page for more information about the three rounds including closing dates, in addition to other contracting opportunities. Businesses can learn more about the LCF rounds at the first Regional Communication Forum in Bunbury on 21 July.
Following the Bunbury event, the forums will visit all 9 regions in WA. Keep an eye on our events page for upcoming forums.