- Six additional rounds of the Local Capability Fund (LCF) announced worth $600,000
- Grants up to $20,000 to support small businesses across regional WA bid for State Government contracts
- The LCF program has delivered $25.9 million to more than 700 businesses, including 363 regional businesses
The Cook Government has launched six more regional rounds of the Local Capability Fund (LCF) to support small and medium sized businesses (SMEs) in their efforts to win contracts.
Minister Assisting the Minister for State and Industry Development, Jobs and Trade Stephen Dawson said the grants would enable these businesses to supply goods and services to the Western Australian Government, major projects and export markets.
Grants can be used to cover expenses such as buying or upgrading essential capital equipment, meeting essential pre-qualification requirements for supply chain entry or the purchase of expert consultancies on a range of business and market issues.
The six LCF rounds include:
- Gascoyne Regional Round;
- Goldfields-Esperance Regional Round;
- Great Southern Regional Round;
- Kimberley Regional Round;
- Mid West Regional Round; and
- Wheatbelt Regional Round.
Businesses based in the relevant regions bidding for State Government contracts are encouraged to apply.
To date, the LCF has delivered $25.9 million to 701 businesses, including 363 regional businesses, across a range of industry sectors.
The program has generated over $1.3 billion in new contracts won by WA SMEs, and created 2,344 jobs and 297 apprenticeships, representing $48 of contracts won by WA SMEs for every $1 of LCF funding awarded.
For more information, please visit the wa.gov.au website: https://www.wa.gov.au/organisation/department-of-jobs-tourism-science-and-innovation/local-capability-fund
As stated by Minister Assisting the Minister for State and Industry Development, Jobs and Trade, Stephen Dawson:
“The Cook Government is committed to ensuring our regional businesses are well supported and have the opportunity to grow their businesses and be competitive in winning contracts.
“The LCF continues to play a critical role in improving the capability and capacity of Western Australian SME’s to supply products and services to the WA Government.
“Through the LCF, the Cook Government continues to create local jobs and support local businesses to bid for State Government contracts, but also to help them adapt and compete in a rapidly changing economic environment.
“I strongly encourage all eligible businesses to apply and take advantage of these LCF grants in providing assistance to winning a contract.”
