Value Add Investment Grants

The Value Add Investment Grants is a $6.5 million state-wide program to support investment and expansion opportunities for the Western Australian food, beverage and value add processing industry.

It supports businesses looking to invest in new projects or expansion opportunities to build competitiveness and grow their operations.

The grants are a key component of the State Government’s $16.7 million four-year Food and Beverage Fund, which aims to stimulate growth and support economic recovery from COVID-19.

Target Sectors
Food, beverage and value add processing industry located in metropolitan and regional WA.

Funding available
There are two funding streams to choose from:
1. Capital investment: $6 million in total. Grants available of between $250 000 and $750,000 to support capital expenditure for expanding or relocating value-adding in Western Australia.
2. De-risking investment: $500 000 in total. Grants between $50 000 and $150 000 available towards de-risking investment in value-adding enterprises.
Businesses can apply for both components but can only be awarded one grant in this funding round.

Co-contribution
Eligible businesses are required to match the grant funding dollar-for-dollar.

Exclusions
The program will not fund investments or de-risking projects relating to “onfarm” primary production activities. The intent is to support post-production value adding to primary
production.

Eligibility
The applicant must meet ALL of the following criteria:

  • Be a private sector business (including incorporated trustees), public companies, grower cooperatives, business clusters, consortiums, or similar organisations that have an ABN, and are registered for GST.
  • The project be located in, or looking to relocate to, Western Australia including the Perth metropolitan area.
  • Be capable of entering into a legally binding agreement with the Western Australian Government.
  • Have its main source of income (more than 50%) from the production or value adding of agriculture, food or beverage products.
  • Have the financial capacity to fund the minimum cash contribution relevant to the Funding Stream that they are applying under.
  • Have been in operation for a minimum of two years (or similar established track record).
  • The project can be delivered by the 30th June 2022 and will commence within six months of executing a funding agreement with the State.

Closing Date
5pm AWST 9 October 2020