Value Add Investment Grants Program

Value Add Investment Grant

What is the Value Add Investment Grants Program?

The Value Add Investment Grants (VAIG) Program is a grant opportunity to support agriculture, food and beverage businesses to invest in the expansion or relocation of their value adding and manufacturing operations in WA. It also supports the planning of expansion projects through for feasibility study grants.

 

Background

The Value Add Investment Grants (VAIG) initiative, driven by the Department of Primary Industries and Regional Development (DPIRD), aims to fortify the resilience within Western Australia’s agribusiness, food, and beverage sectors. By facilitating direct capital investments, VAIG intends to diminish the state’s dependency on imported goods. Since its inception in 2018, the program has allocated $23.8 million towards grants that propel growth, competitiveness, and sustainability in the sector. VAIG Round Three further seeks to bolster the Western Australian economy post-pandemic by endorsing investments in new manufacturing capabilities, thereby fostering business growth, spurring innovation, and generating employment. This initiative underscores the state’s commitment to economic diversification, sustainability, and innovation, ensuring a more self-reliant and robust local economy.

 

Objectives

The objectives of the Value Add Investment Grant are to:

  • Fortify agribusiness, food, and beverage value-adding industries in WA
  • Reduce reliance on imported goods
  • Stimulate investments in new manufacturing capabilities or processing facilities
  • Support business expansion and foster innovation
  • Create jobs and enhance sustainability
  • Encourage projects that expand or diversify operations related to value-adding to primary production in WA
  • Support businesses considering relocating to or expanding within the state


Eligible Entities

Eligible entities for the Value Add Investment Grant are:

  • Private sector businesses, public companies, grower cooperatives, or similar organizations with an ABN and registered for GST
  • Projects located in or planning to relocate to regional and/or metropolitan WA
  • Entities capable of entering into a legally binding agreement with the WA Government
  • Applicants with the financial capacity to meet the minimum cash contribution
  • Businesses operational for a minimum of twelve months (Feasibility Stream) or two years (Capital Investment Stream) or having a similar established track record


Eligible Expenditure

The eligible expenditure for the Value Add Investment Grant are:

  • Investments in new manufacturing capability or processing facilities, new technology, or plant modernization that supports business growth, fosters innovation, and creates jobs
  • Projects improving sustainability, reducing environmental impact, or contributing to broader environmental, social, and governance outcomes
  • Expansion or diversification of business operations related to value-adding to primary production in WA
  • Businesses looking to relocate operations to, or expand existing operations within, WA


Funding

Between $15,000 and $1,000,000 is available on a basis of 1:1 matched funding for the Value Add Investment Grant.


Funding Streams


Feasibility stream
The Feasibility stream, part of the Value Add Investment Grant, offers grants from $15,000 to $100,000 for businesses exploring the feasibility of capital investment projects in WA. It targets enterprises planning to grow, relocate, or diversify operations in food and beverage manufacturing or other value-added processing sectors. The grant supports risk assessments like feasibility studies, engaging experts for investment decision-making. Eligibility extends to private sector businesses with a $100k+ turnover, in operation for at least 12 months, capable of a 30% project cash contribution, and planning projects within WA. Applications are open until 30 June 2025.

Capital Investment stream
The Capital Investment stream is now open, with a Stage One deadline of 3 May 2024. Offering $500,000 to $1 million grants, this initiative is aimed at private sector businesses in WA focused on capital investment projects in food and beverage manufacturing or value-add processing. The goal is to support the expansion, diversification, or relocation of operations to enhance WA’s manufacturing capabilities, innovation, and job creation, with projects needing completion by 28 February 2026. Eligibility criteria include being a going concern with a two-year operational history, having financial capacity for a 50% project cash contribution, and being located or planning to relocate within WA. Stage One involves an EOI with selected projects then invited to Stage Two for detailed grant applications.

 

Eligible Activities

Eligible expenditure for the Value Add Investment Grant includes:

  • Launching and scaling agribusiness products or services
  • Developing and marketing innovative food and beverage applications
  • Investment in manufacturing technology or facility upgrades for efficiency and expansion
  • Projects that lead to diversification into new markets, including export markets
  • Initiatives that incorporate sustainable practices and reduce environmental impact
  • Projects facilitating access to professional advice or expertise, including industry specialists
  • Strengthening management capabilities and corporate governance
  • Training and professional development to enhance skills in the agribusiness sector


How to get Value Add Investment Grant

In order to get Value Add Investment Grant you will need to focus on:

  • Detail your project’s potential for innovation within the agribusiness, food, and beverage sectors.
  • Highlight your project’s role in reducing WA’s reliance on imported products.
  • Emphasise how your investment contributes to sustainability and environmental improvements.
  • Show how your project fosters business growth, innovation, and job creation in WA.
  • Outline your strategy for expanding or diversifying business operations within the state.
  • Demonstrate a strong business plan that includes feasibility studies and market analysis.
  • Prove your financial capability to match the grant’s co-contribution requirements.
  • Illustrate the expected economic benefits to regional WA, including job creation and economic diversification.
  • Showcase any unique or competitive advantages your project holds.
  • Include endorsements or support letters from industry experts or potential customers to strengthen your application.


Timing

Applications for the Value Add Investment Grant Feasibility stream close on 30 June 2025. Stage One of the Capital stream closes on 3 May 2024.


More Information

Source
Feasibility Stream Guidelines
Capital Investment Stream

 

Round 1 Recipients

The first round of recipients was announced on 27 January 2021 with the funding amounts as shown in the table below. The grant recipients match this funding dollar-for-dollar.

Australian Truffle Traders
West Australian Truffle Collective
$339,600

D Trandos & Sons Pty Ltd
Value added processing of fresh WA corn for local, national and international markets
$265,200

Cheeky Monkey Brewing Co Pty Ltd
Increase Manufacturing Capacity to Meet Demand for New Craft Brewery Products
$350,000

Canon Foods Services Pty Ltd
Manufacturing facility expansion
$750,000

Harvest Road Oceans Pty Ltd
Emu Point Aquaculture Facility
$700,000

Sweeter Banana Co-Operative Ltd
Food Processing Hub
$270,000

D’Orsogna Limited
State-of-the-art slicing and packing process
$700,000

George Weston Foods Ltd
Mauri Animal Feed Mill Development Project
$700,000

The Tailor Made Spirits Company Limited
Cowaramup Distillery and Venue
$400,000

Oakover Vineyards Pty Ltd
Swan Valley Wine Project
$700,000

Atari Enterprises Trading Company Pty Ltd
Brewery and distillery upgrade
$703,000

Vesco Foods Pty Ltd

Factory expansion to diversify product offering
$700,000

Wafex Pty Ltd
Value Add Waxflower Bouquets
$330,400

Quintis (Australia) Pty Limited
Value Add – Production Line upgrade
$500,000

V&V Walsh
State-of-the-art Cold Store Facility
$700,000

Huon Aquaculture Company Pty Ltd
Expansion and Diversification of a Value-added Seafood Processing Facility
$700,000

Centerwest Pty Ltd
Next generation processing facility expansion and upgrade
$700,000

Catalano Seafood Pty Ltd
Expansion and Modernisation of Value-add Seafood Processing Capability
$700,000


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