[x] Close

Investment Attraction Fund - FAQs

Frequently asked 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.  

Back to top

What types of assistance is available?

Financial and non-financial support is available through the Investment Attraction Fund.  This includes grants and other incentives, and investment facilitation support.  

Financial assistance in the form of equity financing is not available under the Fund.

Back to top

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. 

Back to top

I am unable to provide 3 years’ trading history, can I still apply?

Applications may nominate Partners and a Primary Applicant. Applications submitted by a Primary Applicant can support the participation of ineligible organisations. Primary Applicants must meet the eligibility criteria.  

Back to top

What is a Primary Applicant?

A Primary Applicant undertakes the role of the lead Partner that is responsible for delivery of the proposal. Primary Applicants must provide evidence of their contractual commitment between all other Partners. 

Back to top

What is a Partner?

A Partner, for the purposes of the Investment Attraction Fund, is an entity assisting in delivery and not the considered to be an applicant unless identified as the Primary Applicant. 

Back to top

Can I submit more than one application?

Applicants may submit more than one application. However, each application is required to be for a separate and distinct unrelated proposal, and will be assessed on its own merit. 

Back to top

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.  

Back to top

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: 

  • Energy 

  • Tourism, events and creative industries 

  • International education 

  • Defence industries 

  • Mining and METS 

  • Space industries 

  • Health and medical life sciences 

  • Primary industries 

Back to top

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 

  • Advanced manufacturing 

  • Science, innovation and technology 

  • Environmental, social and governance frameworks 

Back to top

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. 

Back to top

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.

Back to top

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. 

Back to top

Can a new business apply?

Applicants must demonstrate a trading history of at least 3 years at the time of making an application. Partnerships with a Primary Applicant are encouraged to enable organisations to meet the eligibility criteria.  

Back to top

Am I guaranteed funding?

Applications to the Investment Attraction Fund does not guarantee funding from the State.

Back to top

Who can I contact if I have further questions?

Questions to the application process should be addressed to Invest and Trade WA at iaf@jtsi.wa.gov.au. or our International Investment and Trade Office Network.  

For technical assistance relating to the submission of the application form, please contact SmartyGrants via service@smartygrants.com.au. 

Back to top

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.

SUBSCRIBE TO OUR NEWSLETTER

 
+61 8 6277 3000
 
Global Offices
data-type="image" data-theme="light">