❓ The question seeks details on the success and spending of the Local Capability Fund and the Industry Participation Strategy. The answer provides positive figures on job creation, contract values, and local content retention, with detailed spending information provided in a tabled paper.
AnsweredQoN 1118Legislative Assembly
Asked
19 June 2024
Member
Portfolio
Minister assisting the Minister for State and Industry Development, Jobs and Trade
QuestionView source ↗
(1) What success has the government had with the Local Capability Fund and the Industry Participation Strategy? (2) Please provide the details of spending from these programs, showing amounts, recipients and purpose of funding?
AnswerView source ↗
Answered
6 August 2024
Responded by
Parliamentary Secretary to the Minister assisting the Minister for State and Industry Development, Jobs and Trade
Response time
2 days
1) Since 2017-18, $21.3 million of grant funding has been awarded under the Local Capability Fund to 517 businesses.
Based on the outcomes reported by grant recipients to date, this investment has resulted in:
· 1,679 additional staff and 184 apprentices employed; and
· $849 million worth of contracts awarded to grant recipients.
This represents a leverage ratio of $40 of contracts won by Western Australian small to medium sized enterprises for every $1 of Local Capability Fund grants awarded.
Since October 2018, $48.7 billion in State agency contracts have been through the Western Australian Industry Participation Strategy with Western Australian content of 88 per cent, which equates to $42.9 billion of that spend being retained in the State.
Consequently, reporting shows support for 85,995 jobs, including 6,657 apprentice and traineeships. The recent independent review of the Western Australian Jobs Act 2017 and the Western Australian Industry Participation Strategy concluded the operation of this initiative produced significant outcomes in terms of local industry supply.
2) See tabled paper [XXXX].
Based on the outcomes reported by grant recipients to date, this investment has resulted in:
· 1,679 additional staff and 184 apprentices employed; and
· $849 million worth of contracts awarded to grant recipients.
This represents a leverage ratio of $40 of contracts won by Western Australian small to medium sized enterprises for every $1 of Local Capability Fund grants awarded.
Since October 2018, $48.7 billion in State agency contracts have been through the Western Australian Industry Participation Strategy with Western Australian content of 88 per cent, which equates to $42.9 billion of that spend being retained in the State.
Consequently, reporting shows support for 85,995 jobs, including 6,657 apprentice and traineeships. The recent independent review of the Western Australian Jobs Act 2017 and the Western Australian Industry Participation Strategy concluded the operation of this initiative produced significant outcomes in terms of local industry supply.
2) See tabled paper [XXXX].
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