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New rounds of the Local Capability Fund launched for 2022/23

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 Local Capability Fund provides funding for eligible activities, including the purchase and upgrade of equipment, training and improvements to internal business infrastructure and systems.


Date

The WA Government has announced three new rounds of the Local Capability Fund (LCF) worth $2 million to assist local businesses to build their capability and capacity to secure contract opportunities.

The LCF aims to assist small and medium-sized enterprises (SMEs) improve their capability, competitiveness and capacity to be able to access the WA Government's estimated $30 billion per annum spend on goods, services and works for the community.

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 State Government civil construction and infrastructure projects, including those listed on the Pipeline of Work website.  (Funding will also be available to applicants wishing to access contracts on major private sector projects); and
  • 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 improvements to internal business infrastructure and systems.

To date, there has been a total of $19 million provided to 523 applicants, helping to secure more than $736 million contract awards and supporting 1606 jobs and 205 apprenticeships.

The Minister for State Development, Jobs and Trade, Roger Cook said he encouraged businesses to apply for the Local Capability Fund.

“Supporting local SMEs to remain competitive in bidding for government contracts is crucial to supporting jobs and maintaining our capability across a range of industries,” he said.

“SMEs make up at least 97 per cent of Western Australian businesses. They play an important role in strengthening the State’s supply chains and supporting the economic growth of Western Australia.”

Visit the WA Industry Link portal for more information about the three rounds or apply online via the SmartyGrants portal lcf.smartygrants.com.au

Read statement here

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