Regional agrifood and beverage businesses targeting export markets have been given a boost, with the WA Government’s International Competitiveness Co-investment Fund grant program.
Grants of between $50,000 and $100,000 to help businesses pursue premium markets in Asia will be available from the first round of the $800,000 International Competitiveness Co-investment Fund.
The grants will assist businesses to stabilise and adapt their business to the ‘new normal’ of doing business in a changing global operating environment.
Recipients will be able to invest in a range of areas that stimulate business growth, like improving scale, diversifying markets, product quality, competitiveness and supply chains, or that develop innovative ways to engage with Asian markets, customers or consumers on virtual or online platforms.
The WA Government recognises the financial impact of the COVID-19 pandemic on regional agrifood and beverage businesses and has responded by lowering the co-contribution requirement of this round of grants to one third.
For more information about the International Competitiveness Co-investment Fund visit http://www.agric.wa.gov.au/ICCF
Applications close 11pm Wednesday, August 12, 2020.
Source: WA Government