The digital evolution of Western Australia's small and medium-sized enterprises (SMEs) has received a significant financial push. This initiative aims to enhance the competitiveness, resilience, safety, and productivity of these businesses through the adoption and utilization of digital and data technologies. The State Government's Local Capability Fund (LCF) - Digital Transformation Round is playing a crucial role in this transformation. Earlier this year, businesses were given the opportunity to apply for up to $25,000 on a matched basis. A total of 77 businesses from various metropolitan and regional areas have been awarded grant funding to support their digital journey.

Funded Projects and Their Impact

The funded projects are diverse and have a profound impact. Automating packaging and industrial processes has led to increased efficiency and reduced labor costs. Adopting digital design and fleet management technologies has improved operational effectiveness and allowed for better tracking and management of resources. Upscaling ecommerce capabilities has opened up new markets and revenue streams for these businesses. Cybersecurity was a key concern for many applications, and several businesses have received funding to enhance their cybersecurity through audits, planning, and system upgrades. This ensures the protection of their valuable data and operations.These projects have not only benefited individual businesses but have also had a ripple effect on the Western Australian economy. The LCF has generated over $1.33 billion in new contracts won by WA SMEs, creating 2,633 jobs and 339 apprenticeships. This demonstrates the potential of digital transformation in driving economic growth and job creation.For more information on the Local Capability Fund - Digital Transformation Round, please visit the website.