- New Strategic Industries Fund to drive major job-creating hubs
- $500 million fund to fast-track clean energy and major industrial projects
- Promoting diversification and a strong future economy across Western Australia
The Cook Labor Government will invest half a billion dollars to unlock Western Australia's strategic industrial areas (SIAs) and pave the way for WA to become a global clean energy powerhouse.
Funded in the 2024-25 State Budget, the $500 million Strategic Industries Fund will deliver common-user and other enabling infrastructure at SIAs across regional and metropolitan WA.
WA is home to 13 SIAs, spanning the entire State: Browse, Boodarie, Burrup, Maitland, Anketell, Ashburton North, Oakajee, Kwinana, Rockingham, Kemerton, Shotts, Mungari and Mirambeena.
There has been significant interest in access to industrial land across WA for renewable hydrogen, critical minerals processing and other job-creating industries.
The Strategic Industries Fund will be used to prepare land for future industrial projects, ensuring WA is primed for sustainable growth and development.
An initial $125 million will be invested to open up new industrial land at Latitude 32 in Kwinana, given the strong demand for land in Perth's industrial heartland - with recent allocations in the Kwinana and Rockingham SIAs towards a range of job-creating projects.
A further $20 million will be allocated to develop general industrial land in Karratha and in the Peel region, while $20 million has been set aside to unlock land in the Goldfields and South West.
Those investments build on the $35 million investment into the Industrial Land Development Fund included in last year's Budget, which has progressed planning works on priority SIAs at the Pilbara.
The Strategic Industries Fund is on top of the $160 million industrial lease incentive scheme announced late last year, to attract clean energy projects to SIAs.
As stated by Premier Roger Cook:
"WA is the engine room of the nation's economy, and I want to make sure our State becomes a global clean energy powerhouse.
"We have the renewable resources, skills and trading partnerships to become home to job-creating clean energy mega-projects, and our Strategic Industries Fund will help to unlock the industrial land we need to get these projects off the ground.
"This $500 million fund will open up industrial land right across our regions and in Perth, helping us to attract the major clean energy industries of the future to WA.
"My Government will always do what's right for WA, and that means setting up our State's economy for the long term."
As stated by Lands Minister John Carey:
"Through the 2024-25 State Budget and a major $500 million investment, the Cook Labor Government continues to facilitate and support more clean energy production across metropolitan and regional Western Australia.
"Our 13 strategic industrial areas each attract important investment into the State to grow emerging industries and support local jobs.
"Our Government remains focused on supporting renewable energy industries that will help transform and future-proof our economy, while creating skilled local jobs for the future."
