Australian producers and producers can now apply for monetary help from the Coles Nurture Fund to assist them develop new market-leading merchandise and sustainable processes and applied sciences.
Coles has opened a brand new spherical of the Coles Nurture Fund to permit small to medium dimension companies to use for grants of as much as $500,000.
Companies with progressive concepts, fewer than 50 full time staff and turnover of lower than $25 million in annual income are eligible to use.
Coles Group common supervisor of Company and Indigenous Affairs, Sally Fielke, mentioned the fund was serving to Aussie producers convey their concepts to life.
“Since 2015, the Coles Nurture Fund has dedicated greater than $30 million in monetary help to greater than 90 Australian producers, serving to them remodel their infrastructure, cut back waste, develop into extra power environment friendly and set up new gear to help better volumes of contemporary produce,” mentioned Fielke.
“This 12 months, we wish to allow extra companies to spend money on initiatives that drive innovation and enhance sustainable practices of their farms and amenities.”
Earlier initiatives funded by the Coles Nurture Fund embrace a vacuum truck to gather manure to transform into renewable power, Australia’s first quinoa processing facility, and a state-of-the-art manufacturing facility to develop grass indoors.
Nationwide Farmers Federation CEO Tony Mahar mentioned innovation and sustainability had been two key pillars that can drive the farm sector’s future success.
“Australia’s farm sector has such thrilling alternatives forward of it as we pursue our ambition to develop into Australia’s subsequent $100 billion business,” mentioned Mahar.
“We all know that innovation and sustainability are crucial to the way forward for Australian farming, and it’s nice to see this funding serving to farmers to innovate and develop their companies.”
In 2018, Victorian beef producers, Endhill, acquired a $400,000 grant from the Coles Nurture Fund to purchase state-of-the-art equipment which might harvest lucerne within the paddock and convert it to pellets for cattle.
The pellets are simpler to deal with and retailer than hay bales and will be fed to cattle to complement grass. Endhill Pty Ltd common supervisor Dane Martin inspired different Australian producers to use to the Coles Nurture Fund.
“With out the Coles Nurture Fund, we most likely wouldn’t have been in a position to get this undertaking off the bottom. I actually would encourage different producers to use for the Coles Nurture if they’ve an progressive concept or a plan to develop into a extra sustainable enterprise,” mentioned Martin.
To use for Spherical 11 of the Coles Nurture Fund, click on right here.
Functions shut at 5pm AEST on Friday, 24 February 2023.