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Value Add Investment Grants - Round One - De-risking Investment

This is a preview of the Value Add Investment Grant - De-risking Investment form. When you’re ready to apply, click Fill Out Now to begin.

Welcome to Round One of the Value Add Investment Grants (VAIG) - De-Risking Investment

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About VAIG

The $16.7m Food and Beverage (FAB)  Fund has been introduced as an immediate stimulus measure to support the recovery from the economic impacts of COVID-19 and to boost industry growth and diversification.

As an immediate initiative under the FAB Fund, the WA Government has formalised the Value-Add Investment Grants (VAIG) for a first round release commencing 14th August 2020

The VAIG is aimed at supporting agriculture, food and beverage businesses undertaking value adding in Western Australia (or those seeking to expand in, or relocate to, Western Australia). In this context, value adding is defined as any activity that transforms WA agricultural production from its original or raw form (i.e. commodities) into a state which is perceived as more valuable to the end consumer (i.e. products), thereby accruing higher margins to the producer.

The VAIG is targeted at all WA businesses or facilities (or businesses relocating or expanding to WA) that:

  • are undertaking value adding to WA primary production post-harvest;
  • have their main source of income (more than 50%) from the production or value adding of WA primary produce;
  • are already exporting or planning to export within the next two years;
  • can demonstrate high growth potential based on recent financial performance;
  • are private sector businesses (including incorporated trustees), public companies, grower cooperatives, or similar organisations that have an ABN, and are registered for GST.

The program supports projects that are located across Western Australia including the Perth metropolitan area.

The VAIG program will not fund investments or de-risking projects relating to “on-farm” primary production activities. 

Your application

Please read each section and complete each question as requested. It is recommended that you allow yourself enough time to review the application and submit it well before the due date. The closing date for Round One of VAIG is 9 October 2020 at 5:00 pm AWST.

Incomplete applications and/or applications received after the closing date will not be considered.

Prior to submitting your application please ensure you have reviewed the Guidelines and FAQs. Click here to view the webpage and the reference documents.

For queries about the guidelines, deadlines or questions on this form, please contact us by email and allow up to 24 hours for a response. If you have any technical issues with submitting your proposal through this online system please contact Liba Jelinek on (08) 9368 3093.

Privacy Statement

DPIRD will store personal information collected in this application, supporting documentation and any grant administration, monitoring and evaluation activities in compliance with its obligations under the Privacy Act 1988. DPIRD are also subject to the Freedom of Information Act 1992 and documents in the possession of these agencies are subject to these provisions.

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Demonstration of eligibility

To be eligible to apply for the VAIG Program, your application must be related to value add processing of agricultural production in Western Australia; and the applicant must meet ALL of the following criteria:

  1. Be a private sector business (including incorporated trustees), public companies, grower cooperatives, or similar organisations that have an ABN, and are registered for GST.

  2. The project be located in, or looking to relocate to, Western Australia including the Perth-metropolitan area.

  3. Be capable of entering into a legally binding agreement with the Western Australian Government.

  4. Have its main source of income (more than 50%) from the production or processing of agriculture, food or beverage products.

  5. Have the financial capacity to fund the minimum cash contribution relevant to the Funding Stream that they are applying under.

  6. Have been in operation for a minimum of two years (or similar established track record).

  7. Commit to all required project reporting and a final report including an acquittal of funds required at the completion of the project.   

  8. The project can be delivered by the 30th June 2022 and will commence within six months of executing a funding agreement (which will include agreed milestones and project deliverables) with the State.

Documents to support eligibility

Please provide evidence that supports your eligibility for Round One of VAIG.

Documentation that demonstrates eligibility includes (but is not limited to) company annual reports, or financial statements (two years), statements from certified public accounts, credentials of the owners/senior management team and case studies of previous projects.

All information provided as part of this application will remain commercial-in-confidence unless stated otherwise.

    Maximum limit of 25MB per file. Recommended file size is 5MB.

    Eligibility declaration

    Have you read the Guidelines and confirm that you meet all the eligibility criteria? * Required

    If you partially meet eligibility criteria or are unsure about what the criteria mean, please contact us on +61 8 9368 3853 before proceeding with your application.