The Victorian Government has announced a significant investment of $827,000 in grants aimed at strengthening the state’s defence supply chain.
This funding will support local businesses in enhancing their capabilities and competitiveness within the defence sector.
The initiative is part of the government’s broader strategy to foster innovation and growth in Victoria’s manufacturing industry. It aims to help companies adopt advanced technologies and improve their processes, ensuring they can meet the evolving demands of the defence market.
Minister for Defence Industry, Matt Kean, highlighted the importance of this investment. “These grants will empower local manufacturers to enhance their skills and capabilities, positioning them to secure more contracts within the defence sector,” he stated. “By investing in our supply chain, we are not only supporting jobs but also ensuring a stronger, more resilient industry.”
The grants will be available to a range of businesses, from small startups to established manufacturers, with a focus on those looking to diversify their offerings and enter new markets. The government encourages eligible companies to apply and take advantage of this opportunity to expand their operations.
This funding announcement underscores the Victorian Government’s commitment to bolstering the defence industry and supporting local businesses as they navigate a competitive landscape. The initiative aims to position Victoria as a key player in Australia’s defence supply chain, fostering long-term growth and innovation.