$2.4 million awarded to seven companies under capability program






A round of Sovereign Industrial Capability Priority grants to seven companies and totalling $2.4 million was announced on Friday.
The SICP is a program offering between $50,000 and $1 million in dollar-matched funding to SMEs in defence, for companies contributing to local capabilities, and aiming to build the capacity and resilience of Australian small-to-medium sized business.
Among the grant recipients was Xtek, which recently began commercial exports of armour plates, electrical systems business Owen International, and steel plate processing specialist APS Adelaide Profile Services. A full list can be seen below.
Defence minister Melissa Price said that the defence industry would play “an essential role in our economic recovery post-COVID-19.”
Applications are open and can be made at any time through the Centre for Defence Industry Capability website here. A list of eligibility criteria can be seen at this link.
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SICP grant winners (source: https://www.minister.defence.gov.au/minister/melissa-price/media-releases/scaling-small-business-enhance-defence-capability)

 

Company Grant Amount Details State
APS Adelaide Profile Services $437,760 Grant funding will be used to purchase equipment required for the construction of a storage facility that will expand manufacturing production to meet Defence requirements. SA
B.E. Switchcraft $149,697 Fund manufacturing plant and equipment, improve productivity and enhance employee skills. SA
Future Engineering $421,237 Purchase capital equipment and to undertake building modifications that will increase the cost-effectiveness, scale, and speed of manufacturing. WA
Glyde Metal Industries $207,880 Purchase, install and commission capital equipment and train staff in its operation to increase efficiency in production. VIC
The Dynamic Engineering Solution $295,596 Purchase of capital equipment, and the design and construction of test facilities for military grade components in a controlled environment. SA
Owen International $64,216 Establish and commission a test and repair facility. NSW
XTEK $835,000 Fund plant, equipment and building modifications to establish state-of-the art production facilities. ACT

 

Picture: APS Adelaide Profile Services



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