15/02/2021 - 14:00

Liberals unveil $250m manufacturing boost

15/02/2021 - 14:00

Bookmark

Upgrade your subscription to use this feature.

The Liberal Party has unveiled a $250 million pledge to boost the state’s manufacturing industry by providing one-off cash grants to incentivise industry development and expand international markets.

Liberals unveil $250m manufacturing boost
Zak Kirkup said the funding was part of the Liberal Party’s plan to deliver net zero emissions by 2030 and create 200,000 jobs. Photo: Jesinta Burton

The Liberal Party WA has unveiled another component of its new energy jobs plan, committing $250 million to strengthening the state’s manufacturing industry by providing one-off cash grants to incentivise industry development and expand international markets.

During a press conference this morning, opposition leader Zak Kirkup said the party had committed $100 million to attracting companies to WA to develop priority industries through one-off cash grants for site works, capital works, plant and equipment. 

The fund would also be used to provide land grants, tax rebates and other government assistance.  

A second $100 million fund would be established for international market diversification, designed to explore and promote trade opportunities for sectors including agriculture, tourism, international education and minerals and energy, including hydrogen and lithium.

If it were to form government, the Liberal Party WA would also establish an international markets advisory council reporting to the premier, and spend $50 million on incentivising industries deemed essential to the state’s economy, including projects that deliver fuel security and processing critical materials. 

Mr Kirkup said the funding formed part of the party’s plan to deliver net zero emissions for the state government by 2030 and create 200,000 jobs over the next five years.

Opposition spokesperson for energy, renewables and hydrogen, David Honey, said the funding would help Western Australia to position itself as an innovation hub and provide fuel security and energy independence, while providing a much-needed boost to the state's manufacturing industry.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options