CHEVRON Australia will co-fund the latest round of the Western Australian state government’s Industry Facilitation and Support Program (IFSP) on a dollar for dollar basis.

The IFSP will offer financial assistance of up to $20,000 to eligible small to medium-sized enterprises based in the West Pilbara area, helping them to secure supply contracts with major resource projects.

Commerce Minister Michael Mischin said the IFSP would help businesses transition to become contracted suppliers for the resources and utilities sectors.

“Local businesses have used IFSP grants to buy new equipment, upgrade their facilities, purchase software, engage expert guidance and provide staff with specialised training,” he said.

“I welcome the support of companies like Chevron supporting this important initiative.”

This is the second time Chevron has supported the program, which has allocated $3.1 million to 161 companies throughout the state since its launch in 2011.

That time, in 2013, the program supported Onslow-based businesses to engage with regional sourcing and development opportunities within industry.

The grants will be open to West Pilbara based businesses supplying or seeking to supply goods, services or works to the resources industry, gas, water or power supply, construction of resources infrastructure or government.

Payments will only be made to successful applicants following the submission to the department of written evidence that the activity has been completed and paid for.

Applications for funding close on 28 February 2015 or until funds for the program are fully committed.