Dr. Honey questions the Minister regarding the expenditure and objectives of the $110 million Investment Fund (unclear reference) and the $500 million Strategic Industries Fund. The Minister clarifies the purpose of the SIF and states that its governance framework and allocation planning are underway.

AnsweredQoN 1117Legislative Assembly
Asked
19 June 2024
Portfolio
State and Industry Development, Jobs and Trade

QuestionView source ↗

With reference to the $110 million Investment Fund and the $500 million Strategic Industries Fund can the Minister detail what has been spent from these funds thus far and what is the government aiming for with these funds?

AnswerView source ↗

Answered
6 August 2024
Responded by
Minister for State and Industry Development, Jobs and Trade
Response time
2 days
The Member’s reference to a “$110 million Investment Fund” is unclear.
The $500 million Strategic Industries Fund (SIF) is intended to fund a range of initiatives to invest in Western Australia’s industrial areas to encourage establishment of new and emerging industries to contribute to Western Australia’s economic growth and diversification. Establishment of the governance framework for the SIF and planning for allocations is currently underway.

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