Value Add Investment Grants growing WA businesses

• McGowan Government Value Add Investment Grants driving agrifood and beverage sector growth and jobs for Western Australia
• Capital investment spurs business expansion, diversification and resilience 
  

Ten dynamic Western Australian agrifood and beverage processing businesses will share in $6.3 million from Round Two of the McGowan Government's Value Add Investment Grants to grow their operations.

The State's contribution will attract more than $60 million in investment from the successful regional and metropolitan businesses to drive business growth, diversification, resilience and employment.

Projects include expanding pork, poultry and smallgoods processing, converting crop waste to stock feed, enhancing supplies and range of food ingredients, increasing vegetable processing output, and upgrading wine and brewery facilities.

The funding enables WA food and beverage processors and manufacturers to overcome supply chain challenges, reduce reliance on imported and interstate processed products, and capture value adding opportunities.

This program is delivering results, with Round One recipients investing $142 million in the sector, creating an estimated 600 new jobs since 2021.

Independent modelling shows this investment produced an additional $692 million in revenue for recipients, generating direct benefits to the WA economy.

The program's feasibility funding stream remains open for applications, with grants of between $30,000 and $200,000 to lay the groundwork for business expansion, diversification and growth.

Feasibility grants can be used for technical consultants, accounting, legal and other professional services, architects, planners, designers, valuers and property services or market analyst reports, as well as facilitating regulatory approvals and licences.  

For a list of capital investment grant recipients and more information on Value Add Investment Grants visit http://www.agric.wa.gov.au/VAIG. Feasibility stream applications can be made at any time until 30 June 2024.

Comments attributed to Agriculture and Food Minister Jackie Jarvis:

"This important initiative is assisting our food and beverage industry to grow and thrive, as it pivots in response to supply chain disruptions and market challenges in recent years.

"I am excited by the new projects which will expand and diversify these businesses, especially those improving their sustainability to satisfy environmental, social and customer expectations.

"This valuable grants program is supporting businesses to pursue goals and aspirations with confidence, creating jobs and flow-on benefits throughout the supply chain, and helping to diversify the WA economy."

Minister's office - 6552 6200

Value Add Investment Grants - Round Two recipients