A total of more than $275,000 in grants will be awarded to four Victorian companies specialising in land systems defence to enhance their business competitiveness and capabilities.
Grants ranging from $2,000 to $100,000 are available to support business capability investments, aiming to secure contracts with Hanwha Defense Australia for the delivery of the Land 8116 program.
Minister for Manufacturing Sovereignty Ben Carroll stated, "We're supporting local companies for success and to secure supply contracts – thereby preserving local jobs and fostering innovation in our defence industry."
So where does the money come from? It’s all part of the Commonwealth Government’s $1 billion Land 8116 Self-Propelled Howitzer program.
The funding will assist eligible Victorian businesses in:
Hanwha is establishing a $170 million Armored Vehicle Centre of Excellence at the Avalon Airport Industrial Precinct and will require a robust local supply chain to deliver its defence programs in Victoria.
To learn more and apply for the Supply Chain Uplift Program, visit business.vic.gov.au/scup.
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Source: https://www.miragenews.com/victoria-bolsters-defence-supply-chain-for-more-1060972/