The State Government has announced four new rounds of the Local Capability Fund (LCF) worth $2 million to assist Western Australian businesses to secure contract opportunities.
The rounds of the LCF for 2020-21, were recently announced by Premier Mark McGowan and Aboriginal Affairs Minister Ben Wyatt just prior to the WA Industry Link Regional Communications Forum in Broome on August 16.
The 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 four LCF rounds are the:
- Aboriginal Business Round - businesses with majority Aboriginal ownership can receive 75% of eligible costs up to $100,000 to improve their capability and competitiveness to supply goods, services and works.
- Major State Government Projects Round – Funding support is 75% of eligible costs up to $100,000 to help SMEs improve their capability and capacity to supply to major State Government civil construction and infrastructure projects.
- Supplying Key Private and Public Sector Markets Round – Funding support is 75% of Eligible costs up to $100,000 to help SMEs that supply to priority market sectors to enhance their capacity, capability and competitiveness to supply to these markets.
- National and International Standards Compliance Round – Funding support is 75% of eligible costs 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 consultancy services, purchase and upgrade of equipment, training and qualifications, and improvements to internal business infrastructure and systems.
The new announcement comes after the State Government allocated $10 million to the LCF in July to help COVID-affected businesses seeking to manufacture and supply Personal Protective Equipment.
The WA Industry Link Regional Communication Forums head to Geraldton on September 1, and Pinjarra on September 7, before winding around the state over the coming months.
Businesses can register for their local forum on the WA Industry Link Portal at http://industrylink.wa.gov.au/events
Premier Mark McGowan said the annual Local Capability Fund rounds would help businesses impacted by COVID-19 and create jobs for Western Australians.
"It will provide opportunities for Western Australian businesses to bounce back from COVID-19, create jobs and diversify our economy,” he said.
"It will also help increase the number of State Government contracts awarded to Western Australian businesses.
"As we continue our recovery efforts, my government will continue to work to ensure WA businesses and workers are in the box seat to benefit from State Government contracts.”
Visit the WA Industry Link portal for more information about the four rounds in addition to other contracting opportunities at http://industrylink.wa.gov.au/advisory-services/services-to-businesses-sub-contractors/local-capability-fund