WA Government invests $40 million to grow food and aquaculture industry

The WA Government announced last week it will invest more than $40 million to grow WA’s food industries, develop the aquaculture industry, and support the expansion of premium food and beverage manufacturing.

A key initiative is the $16.7 million four-year Food and Beverage Fund, a State-wide investment in financial incentives, capacity development and professional services support for food and beverage businesses.

The first component of the Fund – the Value Add Investment Grants – is now open for applications. Information about the Grants and how to apply can be found on DPIRD’s website.
To get this information to as wide an audience as possible, can you consider sharing this information with your industry members via your communications channels.
You can email the team at AFTprograms@dpird.wa.gov.au if they have any further queries. The team is available to provide support to your members during the application process. They also want to hear your feedback to ensure that programs in the Food and Beverage Fund are aligned to your industry’s needs over the next four years.
Also last week, WA Government launched Investor Readiness Masterclasses program, in partnership with BDO. It aims to assist companies that have strong growth potential but have reached a point where future growth requires external funding. The Masterclasses support these companies to be ‘investor ready.’