Feasibility stream

Page last updated: Tuesday, 26 April 2022 - 4:07pm

The Feasibility stream will provide funds to eligible applicants for the planning, feasibility and other de-risking activities to support future capital investment decisions. Projects must align to the stated objectives of the VAIG and be ready to commence the project planning and business case phase from August 2022.

What we are looking for

Feasibility funding assistance may be available to existing buisneess to access professional services to assess the feasibility of their planned investment projects and to gather other information to support their investment decision. The types of services that can be funded include:

  • Technical consultants
  • Professional services including, accounting, tax, legal and other services
  • Property related services including architect, planners, designers and valuers
  • Product or market analysts and advisors
  • Specialist reports and data services as may be applicable
  • Other advisors or relevant service providers
  • Obtaining regulatory approvals
  • Obtaining licences necessary to grow operations.

How do I apply?

Funding will be available up to two times across FY23 and FY24 with up to $0.5 million available each year for individual grants of $30,000 to $100,000. Recipients must provide at least $1 of cash co-contribution for every $1 of funding (1:1) received.

The first round is planned to open in April 2022 for projects commencing in August 2022. Projects must be able to be completed within nine months of signing their funding agreements.

Applications open 9.00am (AWST) Wednesday, 27 April 2022 and will close 5.00pm (AWST) Wednesday, 8 June 2022. Approval is anticipated by early August allowing businesses to commence their projects in mid-August.

This is an on-going funding stream with further funding opportunities opening in September 2022.

 

Opportunity 1

Opportunity 2*

Applications open

27 April 2022

Sept 2022

Applications close

8 June 2022

Oct 2022

Evaluation complete

11 July 2022

Nov 2022

Approvals complete

8 August 2022

Dec 2022

Projects commence

Mid-August 2022

Early 2023

* The timing for the second opportunity is indicative and subject to change based on the level of demand and funding available.

Eligibility

To be eligible to receive a grant, your application must be related to value adding to primary production in Western Australia; and the applicant must meet ALL of the following criteria:

  • Be a private sector business (including incorporated trustees), public companies, grower cooperatives, 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 the financial capacity to fund the minimum cash contribution
  • Have been in operation for a minimum of two years (or similar established track record)
  • Projects commencing from August 2022 (for the first round) and can be delivered within nine months of executing a funding agreement (which will include agreed milestones and project deliverables) with the State.

Business clusters, consortiums, and collaborations are also encouraged to apply where a lead business is defined that meets the above criteria and applies and accepts responsibility for contractual obligations on behalf of the business group.

More information

Find out more detailed information on the Program in the Guidelines, the set of Frequently Asked Questions and the Application Form or contact an Agribusiness Food and Trade team member by phoning +61 (0)8 9368 3853 or emailing aftprograms@dpird.wa.gov.au.