Why is this program important to Western Australia?
Manufacturing is a key driver of Western Australia's economy, supporting jobs, regional communities and resilient supply chains.
The Made in WA Energy Affordability Investment Program (MEAIP) was designed with industry consultation to help manufacturers cut energy costs and invest in the future.
Objectives of the program
- To improve the competitiveness of Western Australian manufacturers through investments in energy efficiency technologies.
- To move Western Australian’s manufacturers up the value chain and accelerate productivity through investments in manufacturing technologies and processes that improve products and production methods whilst ensuring energy competitiveness.
How the program was developed
Show moreThe MEAIP has been shaped by industry consultation, including feedback gathered through an industry survey, to ensure the funding model and eligibility settings respond to the real needs and challenges facing local manufacturers.
Target sectors
Show moreThe Program is available to eligible Manufacturers that are located in Western Australia and operate within, or supply manufactured products to, one or more of the following Target Sectors.
- Clean energy manufacturing
- Critical minerals manufacturing
- Defence and space industries manufacturing
- Food and beverage manufacturing
- Health and medical life sciences manufacturing
Loan amount
Show moreThe minimum loan amount is $300,000 and the maximum loan amount is $15 million.
Please refer to the Guidelines for more information.
Business categories
Show moreBusinesses with annual revenue of $10 million or less can apply for loans of between $300,000 and $2 million.
Businesses with annual revenue above $10 million can apply for loans of more than $2 million and up to $15 million.
Applicants should refer to the Guidelines to determine the category most appropriate to their circumstances and eligibility.
Co-contribution
Show moreThe program can loan up to 80% of eligible project costs.
Applicants must contribute at least 20% from their own funds and provide evidence that the money is available before the first loan payment.
As the minimum loan amount is $300,000, the minimum eligible expenditure associated with the proposed activity is $375,000. This comprises a loan of $300,000 and a minimum applicant co-contribution of $75,000. The applicant’s co-contribution must be committed and available prior to, or at the time of, the first loan drawdown.
Loan terms and details
Show moreLoan term
The maximum loan term is 7 years, inclusive of the repayment free period and calculated on a 365-day basis.
Interest rate
- 3% interest rate for all loans in this Program
Repayment free period
- Business category 1 loans: No principal or interest repayments are required during the first 12 months of the loan.
- Business category 2 loans: No principal or interest repayments are required during the first 12 months of the loan.
Please refer to the Guidelines for more details on:
- End of term obligations
- Drawdowns
- Loan serviceability
- Loan security.
