Boost for WA premium food and beverage producers

| July 20, 2018
The McGowan Government has announced $120,000 in business grants to Western Australian food and beverage producers as part of its Premium Food and Beverage Investor Ready Incentive Scheme.

Premium Wagyu beef producer Irongate, pome fruit export packing facility Newton Orchards and premium juice company Pressed Earth were the successful recipients of the grants totalling $120,000.

Each business offers a unique business development and growth opportunity, with potential to create jobs and grow the production of agriculture and food in WA.

The incentive scheme targeted premium food and beverage businesses with a turnover of up to $20 million, with the aim of supporting them to become more investor ready and improve their capacity to attract growth capital.

Recipients will use the funds to engage specialist expertise to develop their business models, and are required to match the grant on a dollar-for-dollar co-contribution basis.

The businesses will be supported by the Department of Primary Industries and Regional Development.

The state’s Agriculture and Food Minister Alannah MacTiernan said that “the incentive scheme provides support to Western Australian businesses to attract investment, allowing them to expand their operations, develop their product and service offerings, and advance their export capabilities.

“The successful businesses have shown that with some financial support, they can attract the right investor to supercharge their growth.

“These grants will generate long-term benefits for the regions and the State, creating job opportunities and flow-on benefits to local communities and businesses.”