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AgMemo

Value adding grants

DPIRD Executive Director Liam O'Connell (left), Regional Development; and Agriculture and Food Minister Alannah MacTiernan, Ryan’s Meats director Greg Ryan), Member for Bunbury Don Punch and South West Development Commission CEO Rebecca Ball.
The State Government’s Value Added Grant recipients were announced recently at Ryan’s meats in Bunbury, attended by DPIRD Executive Director Liam O'Connell (left), Regional Development; and Agriculture and Food Minister Alannah MacTiernan, Ryan’s Meats director Greg Ryan), Member for Bunbury Don Punch and South West Development Commission CEO Rebecca Ball.

WA leads the country in our bulk primary product exports – on the back of our grains, sheep and cattle industries, the value of our unprocessed product exports is more than $1 billion more than our next competitor, Victoria.

But traditionally we have not performed so well on value-added exports.

We are the only state whose processed export value sits considerably below our bulk exports.

And while there is no doubt our agricultural sector will always rely on the big hitters of grains, sheep and cattle, we have a real opportunity to drive more value out of our high-quality agricultural products.

Our government is investing in a number of initiatives to support and develop WA agribusinesses to thrive and prosper, to the benefit of regional communities, industry and the economy.

One of these initiatives is the Value Add Agribusiness Investment Attraction Fund, to encourage businesses to invest in growth and diversification.

The $3.1 million investment in matching grants is supporting capital investment and business expansion, which is expected to generate more than 100 jobs in the regions over the next 18 months.

Last month we announced 23 Value Adding grants to help a whole range of businesses take their enterprise to the next level.

Grant overview

The grants were designed to support businesses to confidently invest in new projects or expansion opportunities that will build competitiveness, grow their operations, and stimulate job creation.

The program was structured into two streams to support businesses at different stages of development:

  • Capital Investment Funding Grants of up to $300,000 per business to assist expansion, relocation or new value adding production facilities.

  • Pre-feasibility, Planning and Approvals grants of up to $100,000 to help finalise business planning and feasibility analysis, obtain regulatory approvals, financial analysis, planning and other services to support an investment decision to expand, relocate or establish production facilities in WA.

Applicants needed to contribute matching funds and demonstrate how the funds will be leveraged.

The grants are expected to generate more than $12.5 million in total co-investment and create an estimated 128 jobs in the regions.

Grant recipients

Capital Investment Funding Grants, totalling $2.68 million, were allocated to 16 successful applicants, spread across the State and industry.

Recipients included three seafood operators, three meat processors, four beverage enterprises, five food agribusinesses and a stock feed processor.

At Ryan’s Meats in Bunbury we saw first-hand the benefits of this scheme – a family-owned business that has partnered with Pardoo Station in the Pilbara to deliver high-quality WA beef to top-end markets in Singapore and South East Asia.

Our grant funding will help them expand their facilities to Tier 1 export status, kick-starting a new export opportunity that will drive jobs in the South West and pastoral growth in the North West.

Pre-feasibility, Planning and Approvals grants, totalling $486,000, were allocated to seven applicants from the Kimberley to the South West to progress towards three meat processing ventures, three food opportunities and a beverage processing.

For a full list of recipients and project descriptions click here.

Business support initiatives

The pilot program attracted enormous interest – so much so that we added an extra $1.5 million into the program just to keep up with demand.

This is a fantastic indicator of the interest in value-adding in WA.

The program is just one of the State Government’s commitments to encourage business investment, development and expansion, which includes investor readiness support to businesses, investment attraction and promotion of WA as a great place to invest, investment facilitation, and regulatory approval support.

More information about these endeavours and DPIRD’s investment program can be found on our website.