Australian Defence Industry Grants
With consideration to rising tensions both globally and in the Pacific, this week we provide the latest update on the new and returning Australian Defence Industry Grants.
Given this sector is highly specialised we suggest that interested parties firstly contact the Office of Defence Industry Support (ODIS) to receive free services and advice from a ODIS Case Manager regarding your potential entry strategy into this sector.
https://business.gov.au/odis/build-your-business-in-defence
https://www.defence.gov.au/business-industry/finding-opportunities/office-defence-industry-support
CONTENTS
- Sovereign Industrial Capability Priority Grants
- Defence Global Competitiveness Grants
- Skilling Australia’s Defence Industry Grants
Sovereign Industrial Capability Priority Grants
Funding for Australian businesses to build industrial capabilities that fit with Defence’s Sovereign Industrial Capability Priorities.
Project activities can include:
- buying, leasing, constructing, installing or commissioning of capital equipment including specialist software to enhance cyber security
As they relate to the above activities, this can also include:
- design, engineering and commissioning activities
- workforce training and accreditations.
What do you get?
A grant of $50,000 to $1 million for up to 50% of the cost of a project that builds capabilities aligned with Defence’s Sovereign Industrial Capability Priorities. The maximum grant period is 30 months.
Grant funding is capped at $3 million in a 3-year period per recipient.
Who is it for?
Small to medium sized businesses with an Australian business number (ABN). The business must be a company incorporated in Australia or and incorporated trustee on behalf of a trust.
Minimum Required Contribution: 50%
For more information, click here
Defence Global Competitiveness Grants
–This grant is currently in caretaker mode, applications can still be submitted, but decisions will not be made until after the 2022 election outcome is announced. —
Grants to help Australian businesses invest in projects that build their defence export capability.
Project activities can include:
- buying, leasing, constructing, installing or commissioning of capital equipment including specialist software to enhance cyber security
- design, engineering and commissioning activities
- workforce training and accreditations
What do you get?
A grant of $24,000 to $240,000 for up to 80% of the cost of investing in projects that build export capability to build a stronger, more sustainable and globally competitive Australian defence industry. The maximum grant period is 18 months.
Who is it for?
Small to medium sized businesses (Less than 200 employees) with an Australian business number (ABN). The business must be a company incorporated in Australia or and incorporated trustee on behalf of a trust.
Minimum required contribution: 20%
For more information, click here
Skilling Australia’s Defence Industry Grants
–This grant is currently in caretaker mode, applications can still be submitted, but decisions will not be made until after the 2022 election outcome is announced. —
Skilling Australia’s Defence Industry Grants provide businesses servicing the defence sector with upskilling and training opportunities to build skills capacity and capability to meet current or future Defence needs. The grant was updated on the 4th of April, 2022 to include an additional $20.3m in funding until March 2026.
The Skilling Australia’s Defence Industry Grants Program will provide grants to businesses over three years to help develop defence sector skills and human resources practices and training plans.
The program aims to:
- reduce barriers faced by Small and Medium Enterprises (SMEs) in the defence sector when upskilling or retraining staff
- develop skills within SMEs in the defence sector
- support SMEs in the defence sector to establish human resources practices and training plans that will build lifelong learning activities into their business
What do you get?
A grant between $5,000 and $500,000 to undertake various defence skills training activities.
You may apply for multiple grants or group multiple eligible activities into one application.
The funding is capped at $500,000 in a six-year period from 2020–21 to 2025–26 for:
- each eligible business; and
- each industry association which is applying for funding to train their own staff.
Who is it for?
- Small and Medium Enterprises (SMEs) that currently have a Defence contract, are tendering for one, are a subcontractor to a defence prime or contracted through the Prime’s supply chain to deliver on defence projects.
- Defence Industry Associations training their own staff or facilitating training to businesses they are representing.
- Defence Industry Associations applying for funding for eligible activities for the eligible businesses they are representing.
Minimum required contribution: 20%
For more information, click here
– Ryan can assist with Australian Defence Industry Grants –
Services
Ryan can assist with services such as:
- Scope your potential to claim various grant programs
- Assist with the preparation and lodgement of grant applications
- Review or provide a health check on your internally prepared grant applications
- Establish record-keeping practices as required under various grant programs
- Provide prepayment loans against future cash refunds under the R&D Tax Incentive
- Keeping industry informed on all new Government policy and grant initiatives
Don’t hesitate to give us a call.