Wednesday, 29 May 2024
    Money pours into Victoria Defence and is being distributed through the supply chain
    26
    Oct
    councils

    Money pours into Victoria Defence and is being distributed through the supply chain

    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: 

    • Gaining relevant accreditations and meeting industry-specific compliance requirements 
    • Preparing tenders 
    • Undertaking minor facility upgrades and equipment fit-outs 
    • Developing new or enhancing current defence products or services 
    • Undertaking defence R&D 
    • Participating in trade missions to pursue collaboration and export opportunities  

    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. 

    Procurement Australia has members spanning across all industries. As more members take advantage of our aggregator services, our knowledge of member needs continues to grow in diversity and expertise. 

    Source: https://www.miragenews.com/victoria-bolsters-defence-supply-chain-for-more-1060972/