The Investment Attraction Fund (IAF) is supporting both regional and metro organisations with $148.4 million worth of grant funds!
The IAF was established to encourage new investment in Western Australia, working towards diversification of the economy.
There were over 200 expressions of interest with 40 successful recipients identified for funding.
The successful projects span 8 priority sectors: defence industries; energy; health and medical life sciences; international education; mining and mining equipment, technology and services; primary industries; space industries; and tourism, events and creative industries.
The funding injection supports a whole array of projects across the State, including:
- A pilot plant to produce high purity alumina for high-tech battery cells;
- Establishing a renewable diesel biorefinery in Narrogin;
- Advanced manufacturing of medical biosensors to prevent complications during childbirth;
- A high-performance computing campus in Geraldton;
- Establishing a brewery, restaurant, bar and family-friendly venue at Cable Beach;
- An expansion of Stanley College's capacity to take on international students; and
- Establishing a value-adding dairy facility and tourism offering in the Swan Valley.
Premier Roger Cook made the announcement this week at Pacific Energy's facility in Perth with the company set to receive more than $2.4 million to expand their capacity to manufacture renewable energy Stand-alone Power Systems.
Premier Cook says, "we're building on WA's economic strengths, and embracing new and innovative industries, positioning our State at the forefront of the global energy transition."
This expansion will help support more than 40 local jobs and help to transition regional and remote communities to a cleaner, reliable and affordable energy future.
More than half of the 40 successful projects are located in regional WA or have State-wide operations, while the remaining 19 are located in Perth.
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