Tuesday, 29 January 2013 13:26
The Liberal National Government’s Industry Facilitation and Support Program (IFSP) has assisted Western Australian-based suppliers secure $20 million worth of contracts with mineral and energy projects.
Commerce Minister Simon O’Brien said the State Government had made local industry participation a priority and it was paying off for WA-based companies.
“IFSP was introduced in October 2011 with the aim of providing local suppliers with a financial incentive to undertake initiatives to build their competitiveness and productivity,” Mr O’Brien said.
“120 applications were received and more than $2.5 million was provided for a diverse range of projects, including the purchase of capital equipment, quality assurance, training, health and safety standards, accreditation and upgrades to business systems.
“Early stage monitoring of the program indicates that a number of companies had already won resource contracts worth more than $20 million - due directly to the financial support received through the program.
“More than 30 companies have reported positive outcomes.
“This program was just one component of a wider Local Industry Participation Framework which has also led to more than $32 billion in contracts being awarded to local industry.”
The IFSP and other State and Federal government assistance programs were promoted through a series of regional briefings in Geraldton, Kalgoorlie-Boulder, Albany and Collie in 2012.
Regional Development Minister Brendon Grylls encouraged more businesses to get involved by attending briefings and seeking grants in the next round of funding, now open.
“These briefings allow staff and managers in regional companies to find out how to supply to major markets including resource projects - here and overseas - and to the Government,” Mr Grylls said.
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