We are delivering our Made in WA plan - playing on our strengths as a global resources leader, and diversifying our economy to build resilience.
This Budget we are injecting a further $2.7 billion into economic infrastructure to boost our economic capacity and unlock opportunities across our State for decades to come.
At a glance
- $83 million to produce electric buses and ferries in WA, building on the success of railcar manufacturing.
- $50 million Housing Innovation Fund to support initiatives and technologies to boost productivity along the housing supply chain.
- $50 million to establish the Perth biomedical precinct to support the co-location of world leading medical manufacturers.
- $50 million Local Battery Manufacturing Program for grants and low interest loans to support locally produced residential and industrial batteries.
- $40 million boost to the New Industries and Innovation Fund to support development and acceleration of innovation-based technologies.
- $30 million for a further round of funding for new energies industries through the Investment Attraction Fund to support critical minerals, hydrogen and carbon capture and storage projects.
- $25 million toward our commitment to manufacture transmission towers and components at facilities in Forrestfield and Picton, and establish a Local Industry Development Fund.
- $8.9 million to support the Exploration Incentive Scheme.
- Additional support for defence industries, clean energy, live music, space, wine industry exports, biofuels, liquor reforms, small business grants and more.
Economic infrastructure
- $500 million additional investment in the Strategic Industries Fund (SIF), taking it to $1 billion over 10 years.
- SIF funds will be used for Strategic Industrial Area common user infrastructure, including $13 million allocation to upgrade Kwinana and Kemerton Strategic Industrial Areas.
- $584 million investment in Clean Energy Link - North and Regans Ford terminal to unlock wind generation north of Perth to expand renewable generation and shut down coal-fired power stations by 2030.
- $543 million to increase the capacity of the Goldfields pipeline by 7.2 gigalitres a day to support economic growth in the region.
- $349 million investment in our ports to grow our export capacity and economy around the State, including Westport, Utah Point, Broome passenger cruise terminal, Wyndham, Derby and Albany.
- $107 million to expand and activate the Hope Valley and Postans industrial areas in Kwinana.