Recently the Australian government announced a program of support for small/medium enterprises which provide services to the Australian Defence Industries.
There are two key areas of focus relative to SMEs including:
- Providing advisory and facilitation services to defence sector small to medium enterprises to improve business management, skills development, innovation and access to export initiatives and international and domestic supply chains.
- Providing grants to defence sector SMEs to implement recommendations from advisory and facilitation services.
These services will be administered by the Centre for Defence Industry Capabilities (the CDIC) which will provide advisory and facilitation services to assist eligible defence SMEs to improve capabilities, extend networks and take advantage of development opportunities within the defence sector.
Through the advisory and facilitation services an applicant will gain a better understanding of the defence market, learn how to engage with defence and position their business to participate in global supply chains.
The government believes that by accessing the services the SME will improve its skills and business practices, become more competitive and take advantage of growth and collaboration opportunities.
The CDIC will deliver advisory and facilitation services through a network of experienced business advisors and facilitators located around Australia.
Advisory and facilitation services are targeted at defence sector SMEs. SMEs are typically defined as organisations with less than 200 employees.
Eligible applicants must be one of the following:
- an unincorporated trustee on behalf of a trust
- a company incorporated in Australia
SMEs will be able to apply for a Capability Improvement Grant to help with the cost of engaging consultants or experts to implement the recommendations provided in the advisory or facilitation service report. This may also include undertaking any recommended eligible defence specific skills training.
Grants range from $5,000-$250,000 excluding GST.
If you would like to receive a complimentary copy of the article produced by ESS BIZTOOLS relative to this grant, please click here
ESS BIZGRANTS offers a unique grant identification service for accountants/advisors to utilise with businesses. A grant application preparation process is also available from ESS BIZTOOLS. For details of this service and any other aspect of ESS BIZGRANTS please contact us at peter@essbiztools.com.au
Peter Towers | Managing Director | SS BIZTOOLS and ESS BIZGRANTS
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