About
The Investment Attraction Fund (IAF) seeks to encourages new investment that will create jobs, scale up local businesses, secure investment in the State from international business, and contribute to a more diversified economy.
The New Energies Industries Funding Stream supports WA’s economic development and the key pillars of diversification and decarbonisation.
Please read the Investment Attraction Fund (IAF) Guidelines in addition to the applicant information for this Funding Stream (see below) before submitting an application. Other documents to help you prepare your application are provided in the useful resources section below.
Application process
The Department works to ensure that applications are assessed in a timely manner. The table below provides indicative timeframes for each stage of the application and assessment process. Timeframes may be adjusted should matters arise that impact the amount of time the process takes to finalise.
| Application phase | Estimated timeframe |
| Submission of applications | 8 weeks from opening of Funding Stream |
| Notification of outcomes | 22 weeks from closing of Funding Stream |
Eligibility and criteria
Below are eligibility and application criteria for the New Energies Industries Funding Stream.
Who can apply
Show moreTo be eligible for consideration, all documentation must be submitted in English and applicants must fulfil the following mandatory criteria:
- Be registered or be eligible to register for an Australian Business Number (ABN)
- Be a legal entity, with a proven trading history for the past 3 financial years as accepted in their domicile (as a minimum) at the time of the Funding Stream opening for applications.
- Eligibility based on demonstrated relevance to the open Funding Stream, or direct invitation to participate. Read the applicant information to learn more.
- Submit a business plan which details all relevant Project information as required by the Fund’s merit criteria.
For further details, please refer to the Investment Attraction Fund Guidelines
Assessment criteria
Show moreDetails of the criteria is available in the Investment Attraction Fund Guidelines and in the relevant Funding Stream applicant information (see below). These enable the Panel to evaluate a project’s significance to the State and determine the potential economic impact of the State’s financial contribution.
| Application | Criteria (refer to Fund Guidelines for additional information) |
|---|---|
| Submit application |
|
Tips for applying
Show more- Read the Fund Guidelines
- Read the relevant Funding Stream applicant information document
- As part of the application process, you will be required to accept the standard terms in the template Financial Assistance Agreement. Please ensure that you have familiarised yourself with the template and the standard terms, and have sought independent legal advice as necessary.
- Check which supporting documentation is required prior to commencing an application.
- All information and documentation must be supplied in English
- No applications or documentation will be received by email or any other means other than via the grants portal
- All decisions are final and made at the State’s absolute discretion
Key milestones
Show more- Round Two of the Investment Attraction Fund New Energies Industries Funding Stream closed for applications at 5pm AWST on 4 November 2025.
- Applicants are encouraged to refer to the Department of Energy and Economic Diversification website and Invest and Trade Western Australia's Investment Attraction Fund webpage for funding announcements.
- Applicants will receive notification of outcomes throughout the process via the registered email address provided in the submission.
Any queries can be directed to IAF@deed.wa.gov.au.
Useful resources
Show moreThese are available resources to help you with your application:
Diversify WA
- An economic framework for WA and information about the WA Government's vision for a strong and diverse economy delivering secure quality jobs.
- Download and read more about Diversify WA
Diversify WA: Future State
- Building on the Diversify WA economic framework, Future State focuses on the most significant opportunities to drive international investment to support WA’s economy.
- Download and read more about the Future State for WA
Diversify WA: Supply chain development plan 2021-22
- This Plan identifies key supply chain opportunities across a number of our priority sectors.
- Download and read more about supply chain development for WA
Environmental, social and governance
- The Western Australian Industry ESG Information Pack, has been prepared to inform investment decisions in our key industries. It provides a snapshot of industry contribution to ESG outcomes, aligned with the United Nations’ Sustainable Development Goals (SDGs).
- Download and read more about Western Australia's ESG
Financial assistance agreement standard template
- The template (available below) outlines the standard terms and conditions to a Financial Assistance Agreement.
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