New AUKUS fund to create jobs and develop WA’s defence sector

• $2 million to assist WA companies break into
  AUKUS provide chains
• WA defence
  sector on monitor to turn into State’s second-biggest trade
• Cook
  Government boosting native manufacturing to create jobs and diversify the
  economic system

The Cook Government is
supporting Western Australia’s world-class defence companies to enter AUKUS
provide chains by way of the launch of the AUKUS SME Readiness Fund.

The $2 million for small
and medium enterprises can be delivered over 4 years and goal quick
alternatives for WA defence trade companies to compete within the US and UK
provide chains.

Local companies can
qualify for provide chain entry with grants of as much as 50 per cent of their complete
prices, as much as a most of $100,000.

The fund will assist guarantee
WA’s economic system stays the strongest in nation and is a part of the plan to make extra
issues right here and create native jobs.

Through latest ministerial
missions to the US and UK, sturdy ties have been solid with governments and
key trade companions driving their nuclear submarine tasks.

In
addition to the AUKUS SME Readiness Fund, the Cook Government will even open
the fourth spherical of its Defence Ready Initiative, a well-established grant
program that has assisted near 50 native small and medium companies to
enhance their capabilities and enter defence provide chains all over the world.

To study extra and apply
for the AUKUS SME Readiness Fund, go to www.wa.gov.au/organisation/defence-west/the-defence-ready-initiative

To study extra and apply
for the Defence Ready Initiative, go to www.wa.gov.au/organisation/defence-west/the-aukus-sme-readiness-fund

Comments attributed to Defence Industries Minister Paul Papalia:

“WA’s defence trade is
set to be the State’s subsequent financial powerhouse offering a buffer to the
cyclical nature of the sources sector.

“The AUKUS SME Readiness
Fund will open doorways to alternatives for WA companies and assist develop the
sector.

“By making extra issues in
WA, we create extra native jobs and diversify our economic system.”