The Department of Primary Industries and Regional Development (DPIRD) has produced a suite of new online resources for local businesses aimed at stimulating investment in the State’s agrifood sector.
The Investment Readiness resources target small and medium-sized agriculture, food and beverage businesses.
Investment Services Manager at DPIRD, Susan Hall said Investor Readiness built on the Department’s successful master class and webinar series delivered in 2020.
Ms Hall said businesses could dig into topics including business growth planning and valuation, cash flow management, investor readiness, legal and business structures and sourcing funds.
“Attracting capital is critical to support the industry to reach its potential, and grow the WA economy,” Ms Hall said.
“A recent Agrifutures report found there was an information gap inhibiting smaller businesses from attracting and securing investment, as the sector strives to grow its value to $100 billion by 2030.”
She said some of the key barriers were insufficient information for potential investors, management time to attract investors and negotiate terms, and business not seen as ‘investor ready’.
“We’ve brought together financial and legal experts to help address these barriers and develop resources and events to help our agrifood businesses capitalise on investment opportunities and thrive in competitive markets,” Ms Hall said.
