The Coalition Government is backing Northern Territory businesses to help build a stronger Australian Defence Force (ADF) to keep the country safe and secure.
An annual grants program will provide up to $17 million to Australian small to medium-sized enterprises (SMEs) to grow a deeper and broader Australian defence industrial base to support the ADF.
Country Liberals Senator for the Northern Territory, Nigel Scullion, encouraged local businesses to apply for the Sovereign Industrial Capability Priority Grants program.
“The Coalition Government is delivering the largest modernisation of the ADF since the Second World War, investing more than $200 billion in defence capability over the next decade,” Senator Scullion said.
“Using Territory small businesses in this major renewal will grow our economy and help create new local jobs,” Senator Scullion said.
“The Coalition’s record investment in Australia’s defence capability is creating opportunities for small businesses to enter the supply chain and importantly will keep Australia safe and secure.”
The grants program supports the ten Sovereign Industrial Capability Priorities critical to the ADF’s operational requirements, identified in the 2018 Defence Industrial Capability Plan.
“A business can receive an unlimited number of grants over the life of the program, with a minimum value of $50,000 and the maximum value of $1 million and up to a total of $3 million over a three-year period,” Senator Scullion said.
The grants will help SMEs meet up to 50 percent of eligible project costs including capital equipment, specialist software and security infrastructure, non-recurring engineering costs, design activities or enhancing workforce training and accreditation. Eligible SMEs should have less than 200 employees; an existing Australian Business Number; and develop products or services with a specific application to one of the Sovereign Industrial Capability Priorities.
“The SICP Grants program presents an opportunity for Territory businesses to invest in the growth of their business, while contributing to a stronger and safer Australia.
“It builds on the Government’s Local Industry Capability Plan for projects, which is supporting projects such as the $500 million development of the Larrakeyah Defence Precinct, and shows how the CLP is maximising opportunities for small to medium Territory businesses to compete for and win subcontract work on defence projects to help drive economic growth and create more jobs for Territorians,” Senator Scullion said.
The grants program will be delivered through the Centre for Defence Industry Capability. More details at: www.business.gov.au/centre-for-defence-industry-capability.