Local Capability Fund

What is the Local Capability Fund?

The Local Capability Fund (LCF) is a program that aims to assist small and medium enterprises (SMEs) in Western Australia to increase their capability, capacity and competitiveness as suppliers of products, services and works to the Western Australian Government, major projects and other important markets.

 

Background

The Local Capability Fund typically provides funding assistance on a dollar-for-dollar basis for activities such as planning, improvements to internal infrastructure, plant and equipment and training.

The fund can be used for expenses such as meeting essential pre-qualification requirements for supply-chain entry, buying and upgrading essential equipment, and engaging consultant expertise for advice on a range of matters including occupational health and safety, marketing, finance and cybersecurity.

 

Funding Rounds

There are 3 rounds available in the 2022-23.

  1. Aboriginal Business Round – Aboriginal businesses in Western Australia are being encouraged to apply for funding support under the Aboriginal Business Round. A maximum funding level of $50,000 per successful applicant could be provided by the Australian Government. The round aims to provide Aboriginal businesses with funding support to enhance their capacity, capability and competitiveness.
  2. Supplying Key Major Projects Round – SMEs have been invited to apply for funding under the Supplying Key Major Projects Round. The round aims to help SMEs meet the needs of major public and private sector projects in Western Australia. The Pipeline of Work initiative is a continually updated 4-year listing of WA Government infrastructure projects. The level of funding support is 75% of eligible costs (excluding GST) up to a maximum funding level of $50,000 per successful applicant.
  3. National and International Standards Compliance Round – The round aims to assist SMEs with the costs of implementing and third party certification of national and international standards. LCF funding support is up to 75% of eligible costs (excluding GST) up to a maximum of $20,000 per successful applicant.

 

Eligible Projects

The Local Capability Fund can be used for expenses such as:

  • Improvements to internal infrastructure, plant and equipment.
  • Training.
  • Meeting pre-qualification requirements for supply-chain entry.
  • Buying and upgrading essential equipment. 
  • Engaging consultant advice on a range of matters, including occupational health and safety, marketing, finance and cybersecurity. planning, improvements to internal infrastructure, plant and equipment and training.

 

Eligible Applicants

To be eligible for funding, applicants must:

  • Be registered for GST;
  • Have an Australian Business Number (ABN);
  • Be a company or trustee incorporated in Australia;
  • Be a for-profit organisation or business (i.e. not-for-profits and charities are ineligible);
  • Have been operating for at least 3 years at the time of submitting an application for funding;
  • Have its principal place of business (operating facility) in Western Australia and continue to be based in Western Australia for at least the next 12 months following application submission date; and
  • Employ less than 200 people.

 

More Information

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