WA Investment Attraction Fund - New Energies Industries

WA Investment Attraction Fund – New Energies Industries

  • Grant application open until 4 November 2025.
  • The State will determine financial assistance on a case-by-case basis, up to 50% of the total proposal cost or a maximum contribution of $15 million, whichever is lower.
  • Round 2 is open and targets critical minerals, green iron and steel, renewable hydrogen and carbon capture, utilisation and storage (CCUS).

The Investment Attraction Fund (IAF) supports WA-based projects in new energies sectors—including green iron and steel, critical minerals (battery and processing), renewable hydrogen, and carbon capture, utilisation and storage (CCUS)—to diversify the economy, scale up local businesses, and create local jobs.

Key Requirements

  • Applicant must be a legal entity with an ABN.
  • Proven trading history for the past three financial years.
  • Alignment with Diversify WA: 2024 Update priority sectors and the Funding Stream’s strategic priorities.
  • Submission of financial statements; audited statements mandatory.
  • Projects must meet Technology Readiness Level (TRL) thresholds for eligibility.

What is eligible for funding?

  • Capital/asset investment
  • Purchase of new equipment and technology
  • Salaries/wages for new jobs created directly for the project
  • Expenditure incurred after project commencement within WA
  • Costs must not receive additional State funding

What companies are eligible for funding?

  • Legal entities with an ABN, including foreign-owned businesses with a unique business ID
  • Must have a minimum three-year trading history
  • Local Government Authorities and State/Commonwealth departments are not eligible

Is this grant competitive or entitlement-based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

  • Industry analysis presentation
  • Competitor Analysis Presentation
  • Marketing and Sales Analysis Presentation
  • 3-5 year Cashflow Forecast
  • 3-5 year Balance Sheet Forecast
  • Cost-Benefit Analysis of Grant Funding
  • End-to-end grant application including information collating, analysis and application writing
  • CAPEX (Capital Expenditure) cost-benefit analysis
  • Stakeholder relations and Risk Mitigation Plans
  • Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.