Overview and Objectives
The VAIG is a major competitive grant program of the Department of Primary Industries and Regional Development (DPIRD), which is designed to build resiliance within the agribusiness, food and beverage value adding industries and reduce WA’s reliance on imported products.
To date, $17.56 million has been committed by the State Government grants over three grant rounds supporting 66 value-adding food and beverage businesses with high-growth potential to invest in new projects or expansion opportunities to build competitiveness and grow business opportunities in Western Australia. This has unlocked $152 million in private sector investment and created an estimated 909 new jobs.
As part of the State's broader economic development and recovery post-pandemic, VAIG Round Two aims to strengthen and diversify the WA economy by supporting investments in new manufacturing capability which result in reducing WA’s reliance on imported products, supports business growth, fosters innovation and creates jobs.
What we are looking for
The Program aims to support agriculture, food and beverage businesses to expand, diversify or relocate their value-add processing operations in Western Australia. This can include:
- Investments in new manufacturing capability or processing facilities, new technology or plant modernisation which results in reducing WA’s reliance on imported products, supports business growth, fosters innovation and creates jobs;
- Investments that improve sustainability, reduce the environmental impact of the manufacturing or processing activities being undertaken or contributes to improvements in broader environmental, social, and governance outcomes;
- Investments that enable expansion or diversification of business operations that relate to value adding to primary production in WA; or
- Businesses looking to relocate operations to, or expand existing operations in, WA.
It will support projects that are located across Western Australia including the Perth metropolitan area.
What we offer
Round Two has up to $7 million in funding available. Businesses can access support through two different funding streams:
This stream will provide funds to eligible applicants for capital investment projects to expand, diversify or relocate their value adding and processing operations in WA. Projects must align to the stated objectives of the VAIG and be anticipated to be in the implementation and/or capital expenditure phase of the investment no earlier than January 2023.
There will be one funding round with up to $6 million available for individual grants of $250,000 to $750,000. Recipients must provide at least $1 of cash co-contribution for every $1 of funding (1:1) received.
To find out more information please visit Capital Investment stream.
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.
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.
To find out more information please visit Feasibility stream.
To be eligible to receive a grant, your application must be related to value adding to primary production in WA; 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 must be located in, or looking to relocate to, WA including the Perth-metropolitan area;
- Be capable of entering into a legally binding agreement with the WA 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 must also comply with requirements subjected to each streams (For more information please visit: Capital Investment stream and Feasibility stream).
Two webinars providing further information on the VAIG Round Two were held in May.
A recording of the session is provided here below:
For more information about future grants please contact an Agribusiness Food and Trade team member by phoning +61 (0)8 9368 3853 or emailing email@example.com.