Pingelly Industry Attraction Programme
The Shire has developed the Pingelly Industry Attraction Programme (PIAP) to encourage, promote and support investment, industry and employment opportunities in Pingelly. This programme is designed to attract and establish new businesses and the growth of existing businesses of all types.
The Shire will budget $50,000 each financial year for the purposes of the PIAP. This fund is split into two funds:
- Business Planning Fund – 80% of eligible costs up to a maximum of $4,000 for the purposes of employing consultancy services to develop business plans, viability and market assessments, or engineering solutions where necessary or required for the nature of the business or industry proposal.
- Investment Proposal Fund – 50% of eligible costs matched up to a maximum of $50,000 for the purposes of attracting and setting up new business or industry within the Shire of Pingelly, excluding any in-kind contributions. This fund is by invitation only following the completion of a suitable business case.
The PIAP is guided by the PIAP Policy (Council Policy 5.18) in the Shire of Pingelly Policy Manual
Eligible Proponents & Projects
To be eligible, an applicant must:
- be a legal entity capable of entering into a legally binding and enforceable Grant Agreement with the Shire;
- have an Australian Company Number (ACN), or an Australian Business Number (ABN) and be solvent (if existing businesses); and
- have an account with an authorised deposit-taking institution (an Australian financial institution or bank) registered with Australian Prudential Regulation Authority.
All funding allocations must be formally adopted by Council and the recipient must enter a Grant Agreement with the Shire with any conditions appropriate to the proposal and level of financial support offered as determined by Council resolution including:
- specific conditions to be met prior to any release of funding;
- reporting requirements and any expected frequency; proponent
- financial audit requirements on the expenditure of funding;
- demonstrate evidence of increased employment;
- that all media releases, opening days, or announcements related to the funding or business proposal be communicated to and include the Shire prior to public release, subject to any other requirements from any other funding agreement or Government bodies.
Business Planning Fund
This fund is open for applications from individuals and businesses following discussions with Shire staff relating to:
- the details on the proposal,
- capacity to carry or pursue the business if successful, for example work history or experience operating a similar business etc.,
- demonstrate potential for increased employment opportunities within the Shire;
- evidence of current solvency (if existing business),
- at least one quotation from a qualified consultant for what purpose you intend to utilise the funding,
- demonstrate that the business activity will take place in Pingelly.
Shire staff will document discussions to prepare an agenda item for Council. Council will then assess support for applications based on the following factors:
- if the business activity may be construed as competing directly with businesses already located within Pingelly;
- that the business activity is feasible for the region and aligns with Pingelly's identity and values;
- that in the opinion of Council the proposal is likely to proceed without financial assistance from the Pingelly Industry Attraction Programme,
- value to other industries already located within the Shire of Pingelly including through retail or wholesale supply, services or demonstrating partnerships with existing businesses;
- demonstrate strong capacity for growth of further employment in the near future (3-5 years);
- increasing retail and commercial activity in the Town Centre;
- supply or support Shire operations;
- demonstrate viability for a new or unique industry not currently found in the surrounding region, with higher weight placed on emerging industries or with qualities marketable to tourists and visitors; or
- other factors as determined by Council as being of value to the economy or community.
Retrospective applications will not be accepted.
Contact the Shire to initiate these discussions and access the Business Planning Fund.
Investment Proposal Fund
Applications for this fund are by invitation only following the preparation of a suitable Business Plan and discussions with Shire staff. A business may be eligible for between $4,000 and $50,000 on a matched funding basis (excluding in-kind contributions) for costs associated with the establishment or expansion of a business within Pingelly.
All applications must include or demonstrate the following:
- a current Business Plan;
- show evidence of planning for increased employment opportunities within the Shire;
- demonstrate evidence of current solvency (if existing businesses),
- include details required funding assistance, its use, and be able to demonstrate matched funding or contributions, including any funds leveraged from other sources; and
- demonstrate that the funding is necessary or is a major contributing factor to the decision for the business to be undertaken in Pingelly.
Eligible funded activities include:
- costs associated with the establishment or expansion of a business to the Shire of Pingelly
- training of staff through an RTO.
Funding exclusions:
- purchase of land or bond contributions;
- relocation of an existing business already located within the Shire of Pingelly without expansion to carry out existing operations;
- any staffing costs or expenses, excluding training;
- any retrospective costs;
- any financial labilities or debt reduction;
- any activities undertaken in the normal course of business.
Council will assess applications and any contribution made based on the following guidelines:
- if the business activity may be construed as competing directly with businesses already located within Pingelly;
- that in the opinion of Council the proposal is likely to proceed without financial assistance from the Pingelly Industry Attraction Programme;
- an indicative funding contribution of $5,000 per each additional FTE added to the Pingelly economy demonstrated as in the Business Plan;
- the Shire may also elect to increase its financial contribution where the proposal can demonstrate value in addition to new employment including any of the following:
- value to other industries already located within the Shire of Pingelly including through retail or wholesale supply, services or demonstrating partnerships with existing businesses;
- demonstrate strong capacity for growth of further employment in the near future (3-5 years);
- increasing retail and commercial activity in the Pingelly Town Centre;
- supply or support Shire operations;
- demonstrate viability for a new or unique industry not currently found in the surrounding region, with higher weight placed on emerging industries or with qualities marketable to tourists and visitors; or
- other factors as determined by Council as being of value to the economy or community.