$2 million to help WA small businesses secure State Government contracts
09 July 2022 | Western Australia
The McGowan Government has announced three new rounds of the Local Capability Fund (LCF) worth $2 million to assist local businesses to improve their capacity to supply goods, services and works to the State Government, major projects and other important markets.
Western Australian businesses bidding for State Government contracts are encouraged to apply for the new LCF rounds.
The purpose of the LCF is to assist small and medium enterprises (SMEs) with funding for activities such as planning, internal infrastructure, plant and equipment and training.
Through the LCF, more than 520 businesses have received total funding of $19 million, helping secure more than $736 million in contract awards.
Grants can be used to cover expenses such as buying and upgrading essential equipment or meeting essential pre-qualification requirements for supply-chain entry.
Businesses can also use grants to pay for consultant advice on a range of matters, including occupational health and safety, marketing, finance and cybersecurity.