Strategic Policy & Intelligence
Sovereign Industrial Capability Priority (SICP) Grants
The Sovereign Industrial Capability Priority Grants launched on 21 November 2018 will provide funding to industry to ensure that Australian SMEs have the appropriate capacity and resilience to support Defence's most critical capabilities.
The intended outcome of the Grants is to grow a robust and resilient Australian small to medium enterprise (SME) industrial base capable of providing a significant contribution to the Sovereign Industrial Capability Priorities announced in the 2018 Defence Industrial Capability Plan.
Applications are now open for eligible SMEs who have less than 200 employees; an existing Australian Business Number; that have products or services, or are developing, products or services that have a specific application to one of the Sovereign Industrial Capability Priorities.
Features of the Grants program
- Grants of up to $1 million will be available to buy, construct, install or fund capital equipment, including specialist software and security infrastructure, and any design, non-recurring engineering costs, workforce training and accreditation directly related to the project.
- A cap of $3 million on total funding applies for a business over a three year period and 50:50 matched funding is required.
- This is a four year grants program; available from 2018-19 to 2021-22.
The Sovereign Industrial Capability Priority Grant is funded by Defence and delivered through the Centre for Defence Industry Capability (CDIC), with details available on the CDIC website.
