MitchCap, recognised as Australia's largest leisure boat financier through its extensive partnerships with original equipment manufacturers (OEMs) and dealerships, will provide valuable knowledge, data analytics, and commercial resources to support industry members. The program includes a fixed annual sponsorship contribution and a variable contribution for each boat, motor, and trailer financed by MitchCap for members across Australia. These funds aim to bolster the vital work of both industry bodies, ensuring the program's success.
Andrew Scott, CFO of the BIA, highlighted MitchCap's commitment to the industry, stating, "Given MitchCap's track record of supporting the industry, it's clear they care deeply about the success of their boating customers. They understand the importance of representation, advocacy, and resource sharing across our members, and the role the BIA plays in ensuring this. We are excited to grow our members' businesses alongside MitchCap."
Steve Walker, CEO of BIAV, echoed this sentiment, noting the strategic focus on financial and commercial skills as particularly powerful in the current economic cycle and with the evolving demographic of boat OEMs and dealerships.
Paul Mitchell, CEO of MitchCap, expressed enthusiasm for the expanded partnership, stating, "After three successful years partnering with BIAV, we've redefined our industry contribution beyond sponsorship, based on member feedback. We're thrilled to take the program national with the BIA and proud to be the Official Finance Company of the Marine Industry across Australia."
The program aims to educate and empower industry members through webinars, data insights, and on-the-ground advice covering topics such as business valuation, cost management, finance options for dealerships and customers, and risk management in foreign exchange, imports, pricing, and cyclical demand. By improving financial literacy across the industry, the initiative seeks to build stronger, more resilient businesses capable of long-term success.
As the exclusive preferred Floorplan Financier of the Australian Boating Industry, MitchCap will provide tailored floorplan and distribution finance designed for marine dealerships, support members with market insights and data-driven decision-making, and maintain a visible presence at flagship events like the Melbourne and Sydney Boat Shows. This partnership represents a significant investment in the people, businesses, and associations shaping Australia's marine future, aiming to ensure the industry has the financial tools and confidence to chart a stronger course.
