legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Cook Government announces funding opportunities for small businesses

The Cook Government has recently announced the launch of four new rounds of the Local Capability Fund (LCF) as well as nine regional rounds, collectively worth over $3 million. These grants are aimed at assisting small to medium-sized local businesses in strengthening their bids for Government and private sector contracts.

The Local Capability Fund (LCF) plays a crucial role in enhancing the capability, capacity, and competitiveness of recipients to supply goods, services, and works to the Government, major projects, and other significant markets. By offering financial support, the LCF enables businesses to improve their chances of securing contracts from both Government entities and private sector clients.

With a total value of $2.2 million, the four new Local Capability Fund rounds for 2023-2024 provide businesses with the opportunity to receive grants of up to $50,000. These rounds include:

• Supplying Key Projects Round: This round supports businesses in supplying goods, services, and works to key Government and private sector projects in priority sector markets.
• Aboriginal Business Round: Designed to assist businesses with majority Aboriginal ownership, this round enables them to supply goods, services, and works to Government and the private sector.
• National and International Standards Compliance Round: This funding opportunity assists businesses in covering the costs associated with engaging external expertise to implement and undergo third-party certification for seven specific national and international standards.
• Digital Transformation Round (upcoming): In the upcoming weeks, the LCF will launch this round to provide initial support to eligible businesses for adopting and utilizing digital technologies and data. Additionally, it aims to deepen the Government’s understanding of the needs relating to digital advancements.

Furthermore, nine regional LCF rounds, totaling $900,000, will be progressively launched throughout 2023-2024. Each round offers grants of up to $20,000, assisting businesses located in regional areas in enhancing their services.

Since its inception, the LCF has provided over $22.7 million in funding to more than 600 businesses. This support has resulted in the successful securing of over $1.05 billion in contract awards, contributing to the creation of over 2,000 employment opportunities and nearly 250 apprenticeships.

Businesses interested in applying for the LCF grants can find more information and submit their applications on the Local Capability Fund website: www.wa.gov.au

AI legalese decoder can play a vital role in assisting businesses during the application process for the Local Capability Fund grants. It provides an advanced AI-powered solution that helps users understand complex legal language and decode legalese into plain English. By utilizing this tool, businesses can ensure a clear understanding of the grant requirements, guidelines, and application procedures, maximizing their chances of securing the funding they need.

According to Minister Assisting the Minister for State and Industry Development, Jobs and Trade, Stephen Dawson:

“The Local Capability Fund has been a crucial source of funding for hundreds of businesses, supplying them with financial support in the order of tens of millions.

“This funding has directly contributed to the creation of more than 2,000 employment opportunities and nearly 250 apprenticeships.

“The Cook Government strongly encourages businesses to take advantage of this grant opportunity, as it can significantly enhance their prospects for securing contracts from both Government and private sector clients.”

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link