Hon Alannah MacTiernan MLC

Hon Alannah MacTiernan MLC

Minister for Regional Development; Agriculture and Food; Ports; Minister Assisting the Minister for State Development, Jobs and Trade

    Incentivising value-adding agribusiness in WA

    24/08/2018 8:00 AM
     
    • McGowan Government launches new $1.5 million grants scheme to incentivise value-adding agribusiness in regional WA
    • Support for value-adding production to drive job growth across the regions 

    The McGowan Government will invest $1.5 million in a new fund to support job-creating projects and expansions by value-adding agribusinesses in regional Western Australia.

     

    The Value Add Agribusiness Investment Attraction Fund aims to create jobs and drive productivity and capability of the growing value-add sector:

    • Component one ($1 million) makes grants of up to $300,000 available towards capital expenditure by businesses to invest in expansion, relocation or new value-adding production facilities that can create jobs and deliver benefits in regional Western Australia. Grants may be up to 50 per cent of the value of the total investment; and
    • Component two ($500,000) makes grants available for up to $100,000 to support agrifood businesses to finalise investment documentation, obtain regulatory approvals and other services to make an investment decision to expand, relocate or establish production facilities in Western Australia.  

    These grants may provide an incentive for interstate and international companies to invest in establishing value-adding agribusiness operations in Western Australia.

     

    More information about the grants is available at https://www.agric.wa.gov.au/agribusiness-investment-fund. Applications close on October 19, 2018.

     

    Comments attributed to Agriculture and Food Minister Alannah MacTiernan:

     

    "Bulk commodity exports underpin our agricultural sector, but there is a real opportunity to get more value out of our produce here in WA.

     

    "This program will allow value-adding agribusinesses to confidently invest in new projects or expansion opportunities that will boost production, build competitiveness, adopt innovative technologies and grow their operations.

     

    "Importantly, the program will also allow WA to compete for opportunities from interstate and international companies considering relocating to regional WA.

     

    "More value-adding means more jobs in regional communities, more value from our produce and more opportunities for our growers."

     

    Minister's office - 6552 6200