- McGowan Government opens new grant to help agrifood businesses capitalise on investment opportunities
- Funding of up to $20,000 available to local businesses under the Investor Ready Grant Program
Applications are now open for a new grant program to help local agriculture and food businesses land future investors and raise capital for expansion.
Round One of the McGowan Government's Investor Ready Grant Program will provide a maximum pool of $320,000 for businesses to access professional business services such as investment and financial planning, business coaching and legal advice.
Eligible businesses can receive a grant of up to $20,000 and are required to match the funding dollar-for-dollar.
The program forms part of the McGowan Government's broader Investor Readiness Program, which provides online and printed resources, as well as training and skills development masterclasses and webinars.
Applications close on December 13 and can be made online through SmartyGrants. For more information visit: http://www.agric.wa.gov.au/investorready
The Investor Readiness Program is managed by the Department of Primary Industries and Regional Development.
Comments attributed to Agriculture and Food Minister Alannah MacTiernan:
"Raising capital and securing investors can be a daunting task and we want to support WA agrifood businesses wherever we can.
"It is crucial that business owners know what capital they are looking for, what this will mean for their development, and how to pitch the opportunity to potential investors.
"The Investor Ready Grant Program will provide established businesses with the knowledge and tools they need to successfully secure investors and raise capital.
"Any WA agribusiness looking to expand or diversify their brand should apply - it could be the best investment you make."
Minister's office - 6552 6200