Applications for the Investment Attraction Fund New Energies Industries Funding Stream will be paused from Wednesday 19 June 2024 at 5:00pm AWST due to a significant volume of applications received to date.
After the pause goes into effect, no new applications will be able to be submitted until further notice.
Should you have any queries, please contact IAF@jtsi.wa.gov.au
About
The Investment Attraction Fund (IAF) encourages new investment in Western Australia into a range of industries to diversify our economy and to create local jobs.
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 and assessment process
A staged application process provides a pathway for industry to submit proposals for financial assistance and investment facilitation support. Listed below is information about the stage or information that will be required from applicants.
Stage 1: Expression of interest (EOI) form submission
The following information is required to enable the evaluation and shortlisting of eligible proposals:
- Applicant information
- Project description and objectives
- Funding request overview
- Alignment to WA’s economic framework (see Diversify WA and Future State: Accelerating Diversify WA)
- Alignment to Applicant Information for this Funding Stream
Stage 2: Review of EOIs
The Department of Jobs, Tourism, Science and Innovation:
- May meet with applicants to further discuss their EOI application and;
- Applicants may refine or iterate their application before final submission and assessment
Stage 3: Detailed application form submission
Successful shortlisted applicants will be invited to submit a detailed application to define, quantify and provide evidence to support their responses. This includes:
- A business plan
- Partnership status documentation
- Financial statements documentation
- Jobs generation and growth
- How financial assistance of the proposal will benefit the State
The level of detail and information should be relative to the investment size, complexity and grant amount requested.
Stage 4: Award
Funding in the form of a grant or loan will be awarded subject to the signing of a Financial Assistance Agreement (FAA) between the Western Australian Government and the applicant.
Eligibility and criteria
Below are eligibility and application criteria for the New Energies Industries Funding Stream.
Who can apply
Show moreDetails are available in the Investment Attraction Fund Guidelines. To be eligible for consideration, applicants must:
- Be registered or be eligible to register for an Australian Business Number (ABN)
- Be a legal and solvent entity, or partnered with a legal and solvent entity, with a proven trading history for the past 3 financial years as accepted in their domicile (as a minimum)
- Be able to provide a business plan and evidence that supports management, technical and financial capability to undertake the current proposal.
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 stage | Criteria | Mandatory or desirable |
|---|---|---|
| EOI application |
|
Mandatory |
| Full application |
|
Mandatory |
| Full application |
|
Desirable |
Tips to applying
Show more- Read the Investment Attraction Fund Guidelines
- Read the relevant Funding Stream Applicant Information (see below)
- 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
Key milestones
Show more- The Investment Attraction Fund New Energies Industries Funding Stream will be pausing for new applications on Wednesday 19 June 2024 at 5:00pm AWST due to a significant volume of applications received to date.
- After the pause goes into effect, no new applications will be able to be submitted until further notice.
- Any queries can be directed to: IAF@jtsi.wa.gov.au.
- Existing applicants will receive notification of outcomes throughout the process via the registered email address provided in the EOI submission.
- Applicants are encouraged to refer to the WA.gov.au/JTSI and InvestandTrade.wa.gov.au websites for funding announcements
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.
