Supporting Veteran Owned Business

Overview

The Australian Government is inviting applications via a closed non-competitive process to apply to deliver services under the Assistance and Other Compensation for Veterans and Dependants Outcome – Supporting Veteran Owned Business Program. The Supporting Veteran Owned Business (SVOB) grant program will empower an organisation to assist veterans and their families who want to establish their own business as part of their transition process to civilian life. The funding available as part of this grant program was announced as part of Budget 2020-21 under the ‘Broadening the Prime Minister’s Veterans’ Employment Program’ measure (see Budget Measures 2020-21 – Part 2: Payment Measures p.167). The SVOB grant program recognises the transition journey out of the Australian Defence Force is unique for every veteran and, to this end, the program provides the option of self-employment as a career pathway. This is why SVOB will provide self-employment support for both the veteran and their family, if this is the transition journey they want to take.