Investment Attraction Fund - FAQs
- How do I apply?
- What types of assistance is available?
- Am I eligible to apply?
- I am unable to provide 3 years’ trading history, can I still apply?
- What is a Primary Applicant?
- What is a Partner?
- Can I submit more than one application?
- What is Diversify WA?
- What are the priority sectors identified in Diversify WA?
- What are the cross-sector activities identified in Diversify WA?
- How are applications assessed?
- What costs are eligible under the Fund?
- What level of co-investment is required?
- Can a new business apply?
- Am I guaranteed funding?
- Who can I contact if I have further questions?
Frequently asked questions
How do I apply?
The Expression of Interest application form is available online through the portal.
Paper or email submissions will not be accepted.
What types of assistance is available?
Financial assistance in the form of equity financing is not available under the Fund.
Am I eligible to apply?
To be eligible for assistance under the Investment Attraction Fund, applicants must:
be registered, or be eligible to register for an active Australian Business Number (ABN). Foreign entities must also provide their unique business identification number according to their domicile
be a legal entity, or partnered with a legal entity, with a proven trading history for the past 3 financial years as a minimum
be able to provide a business plan and evidence that supports management, technical and financial capability to undertake the current proposal. This may also include evidence of completed or current projects of similar or greater size.
I am unable to provide 3 years’ trading history, can I still apply?
What is a Primary Applicant?
What is a Partner?
Can I submit more than one application?
What is Diversify WA?
Diversify WA provides a strong economic development framework outlining how government, industry and community can work together to grow and diversify the economy, create jobs and secure the future for WA.
In October 2021, the WA Government released the revised Diversify WA Report , along with the Diversify WA: Supply Chain Development Plan 2021-22, guiding government’s efforts to increase the participation of local businesses in more diversified domestic and global supply chains.
What are the priority sectors identified in Diversify WA?
Diversify WA identifies eight external-facing priority sectors for strategic development that match WA’s unique strengths with global trends to achieve growth across the economy.
The eight priority sectors are:
Tourism, events and creative industries
Mining and METS
Health and medical life sciences
What are the cross-sector activities identified in Diversify WA?
Diversify WA also recognises cross-sector activities that will improve value and productivity across multiple external-facing sectors.
The cross-sector activities are:
Supply chain development
Science, innovation and technology
Environmental, social and governance frameworks
How are applications assessed?
Applications must meet the eligibility criteria to proceed to assessment stage.
The amount of detail in your application should be relative to the investment size, complexity and grant amount requested. Applicants should define, quantify and provide evidence to support their responses.
Detailed applications are assessed against the review criteria with the Governance Board providing recommendations of financial assessment to the financial delegate.
What costs are eligible under the Fund?
Eligible costs will be determined on a case-by-case basis.
Generally, costs specifically allocated to undertake implementation may be considered eligible for funding. Costs associated with existing business activities will not be eligible.
What level of co-investment is required?
Applicants must match or exceed the State’s financial investment. Co-investment could include:
own-source capital including debt/equity financing
external-source funding, including from Partners, other State and national governments.
Can a new business apply?
Am I guaranteed funding?
Who can I contact if I have further questions?
For technical assistance relating to the submission of the application form, please contact SmartyGrants via email@example.com.
Get in touch
If you are looking for opportunities in business, investment or trade, contact our experienced team at Invest and Trade WA.
Our in-house experts can support you directly and provide referrals or introductions across our network of overseas offices, industry bodies and government agencies.
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