Enhanced Partnerships for Capability Transformation (PACT) to support more collaborations between larger companies and SMEs
First published 01 Mar 2024 / Last updated 05 Mar 2024
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: Enhanced Partnerships for Capability Transformation (PACT) to support more collaborations between larger companies and SMEs
1 March 2024
The Partnerships for Capability Transformation (PACT) scheme was introduced in 2010 to defray part of costs - such as on equipment, materials, testing and professional services - incurred by original equipment manufacturers (OEMs) and their suppliers, to validate that suppliers’ procedures comply with the OEM’s requirements. PACT also provides wage support for managers hired by the OEMs to undertake supplier identification, procurement and setting up of manufacturing/quality systems.
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