Federal government launches defence industry grants program for SMEs

Federal government launches defence industry grants program for SMEs

The federal government has launched its annual grants program for Australian small-to-medium-sized enterprises (SMEs) involved in delivering the pipeline of projects enhancing the capability of the Australian Defence Force (ADF).

The Sovereign Industrial Capability Priority Grants program makes available a total of $17 million in grants per year to eligible Australian SMEs with fewer than 200 employees. 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.

Defence industry minister Steven Ciobo said that 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.

“The Liberal-National 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,” Ciobo said.

“Involving Australia’s SMEs in this major renewal of Australia’s defence capability will grow our industry and economy, helping create new jobs."

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More than $12 million invested to develop innovative technologies

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The Minister of Defence, the Hon Christopher Pyne MP, and the Minister for Defence Industry, the Hon Steven Ciobo MP have welcomed the Department of Defence’s acceptance of the first two (of 15) F-35A deployable cabins from Lockheed Martin Australia.

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Leidos Australia joins the Global Supply Chain Program

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OPV construction commences

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Future Frigate combat system integrator announced

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In another major milestone for the Government’s Naval Shipbuilding Plan, BAE Systems Australia today announced its preferred Combat System Integration partners for the Hunter class frigate program.

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