Local Capability Fund: Applications Open

Published on Monday, 29 July 2024 at 11:20:40 AM

Small and Medium Enterprises (SME) are being encouraged to apply for more than $3 million in grants through the Cook Government's Local Capability Fund (LCF)

The Local Capability Fund (LCF) helps small and medium-sized enterprises in Western Australia to increase their capability, capacity and competitiveness as suppliers of products, services and works to the Western Australian Government, major projects and other important markets.

The fund can be used for expenses such as:

  • making improvements to internal infrastructure, plant and equipment
  • training
  • meeting pre-qualification requirements for supply-chain entry
  • buying and upgrading essential equipment
  • engaging consultants to advise on matters including occupational health and safety, marketing, finance and cybersecurity
  • planning improvements to internal infrastructure, plant and equipment and training.

 

The next five LCF rounds, totaling $3.1 million, were announced at the Albany Regional Business Engagement Forum (RBEF), with grants of up to $50,000 available.

 

There are four state-wide LCF rounds for Western Australian SMEs:

  1. Supplying key projects - assisting SMEs to supply to key Government and private sector projects in priority sector markets;
  2. Aboriginal business - to assist majority Aboriginal owned businesses to supply goods, services and works to Government and the private sector;
  3. Standards compliance - assisting with the costs of engaging external expertise to carry out implementation and third-party certification of seven specific national and international standards;
  4. Digital transformation - providing initial support for eligible businesses to adopt and use digital technologies and data, whilst furthering the Government's understanding of SME needs in this area.

 

A fifth Regional Business Round is available exclusively for SMEs located across Western Australia's nine regions.

To find out more about the LCF and to submit an application, visit https://www.wa.gov.au/organisation/department-of-jobs-tourism-science-and-innovation/local-capability-fund

 

Applications for the Regional business, Digital Transformation, Aboriginal business and Supplying key projects rounds open at 12:00PM (AWST), Friday 26 June 2024 and close 3:00PM (AWST), Friday 13 September 2024. 

 

The Standards compliance round opens at 12:00PM (AWST), Friday 26 June 2024 and closes when funds are fully committed.

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