120 WA Agribusiness jobs to be created with latest round of funding

Posted: 8th Feb

Funding to assist food and beverage businesses and processors to invest in expansion, relocation, or the adoption of new ag-tech or food-tech in the region is open for another round.

Agricultural region MPs Darren West and Laurie Graham welcomed the recent launch of the $4.55 million Agribusiness Investment Attraction Fund, saying it would stimulate agrifood jobs across the region.

Mr West said that a 2018 pilot of the fund generated $12.2 million of additional investment, which was projected to create an additional 120 jobs throughout the state.

"There was a great response to the pilot program, resulting in 23 different projects across the state being funded," he said.

"There has been strong growth in WA's agrifood value adding and processing sector.

"The leverage from the pilot program has attracted four times as much investment from the private sector, creating more than 100 new jobs."

Local businesses that received funding through the pilot program included AVB Prime Meat Processors toward a feasibility and business plan for the Northam abattoir relocation and expansion, and Linley Valley toward equipment for portion controlled meat products.

Mr Graham said the Agribusiness Investment Attraction Fund provided a great opportunity for local agrifood businesses to expand and grow their operations.

"The McGowan government is continuing to support regional communities by investing in job-creating projects that diversify our local economy," he said.

"We grow some of the finest produce in the agricultural region and this funding will help ensure our local agriculture sector will continue to thrive."

The Agribusiness Investment Attraction Fund includes three programs:

  • $3 million available of up to $300,000 per business towards value add capital expenditure related to investment in expansion or relocation in regional WA;
  • $550,000 available of up to $100,000 per business towards undertaking a feasibility study and/or approval costs for regional expansion or relocation investment;
  • $1 million available of up to $100,000 per business to support investment in ag-tech or food-tech.

For more information and to apply for a Value Add Agribusiness Investment Attraction Fund grant visit agric.wa.gov.au/VAAIAF. Applications close 5pm Monday, 9 March 2020.

Source: The Avon Valley & Wheatbelt Advocate - https://www.avonadvocate.com.au/story/6618080/agribusiness-jobs-to-be-created-with-latest-round-of-funding/