Victorian small business chasing export success

A Victorian company is readying itself for global success in the aerospace industry after receiving funding from the Morrison Government to help it expand.

Minister for Defence Industry Melissa Price announced Hosico Engineering from Braeside was one of the latest recipients of Defence Global Competitiveness Grants.

“This program is part of the Morrison Government’s commitment to build a stronger, more sustainable and globally competitive Australian defence industry,” Minister Price said.

“Over 26 Australian small businesses have benefited from an investment worth over $3.4 million through this grants program so far.”

Hosico Engineering will use their $150,000 grant to install a finishing centre, improving their capacity to supply thermoplastic and finished components. 

Senator for Victoria, David Van, said the funding will help the company to position themselves as future suppliers to international defence aerospace companies.

“This funding is all about assisting Hosico Engineering to boost its sales to the international aerospace industry,” Senator Van said.

“Companies that export are not only growing our sovereign capability, but we know they also grow faster and can then employ more people than businesses who don’t look beyond their own backyard.”

Applications for the Defence Global Competitiveness Grants program can be made at any time through: www.business.gov.au/dgc.