The Morrison Government is supporting Australia’s defence industry to pursue more opportunities in global markets at a critical time as the nation embarks on its COVID-19 economic recovery.
Minister for Defence Industry Melissa Price today announced the latest recipients of the Defence Global Competitiveness Grant program, helping small businesses overcome barriers to exporting.
A total of $361,116 in grants funding has been awarded to four companies: Advanced Power Drives, Redarc Electronics, Safe Defence Australia, and Ferra Engineering.
“The grants will help these small businesses increase their manufacturing and production capabilities to tap into new markets and grow their business,” Minister Price said.
“The Morrison Government is supporting small businesses to export their products and services to help grow and sustain a sovereign defence industry.
“We recognise that export success is a win for industry, a win for Defence and a win for the Australian economy.”
The Government’s export support builds on a range of grants and services that Defence offers businesses to innovate and upskill their capabilities.
Defence Global Competitiveness Grants are available to help Australian small and medium businesses invest in projects that help to build their export capacity.
Grant applications can submitted at any time through www.business.gov.au/dgc.