WA Doubles Strategic Industries Fund to $1B in Push to Boost Industrial Momentum

June 20, 2025 06:57 PM AEST | By Team Kalkine Media

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WA Doubles Strategic Industries Fund to $1B in Push to Boost Industrial Momentum — Image source: Shutterstock

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Highlights

WA scales up Strategic Industries Fund to $1 billion

Key upgrades planned for industrial hubs including Kwinana and Kemerton

Major tailwind for clean energy and advanced manufacturing investments

In a decisive move to bolster Western Australia’s industrial capacity, the state government has announced the expansion of its Strategic Industries Fund to $1 billion. This initiative, embedded within the 2025-26 State Budget, underpins the “Future Made in WA” strategy aimed at preparing key industrial zones for a new wave of projects—especially in clean energy and advanced manufacturing.

The Strategic Industries Fund will be used to accelerate the development of infrastructure at several Strategic Industrial Areas (SIAs), including those in Pilbara, Mid West, Goldfields, South West, and the Western Trade Coast. These zones are positioned as focal points for future industrial activity and are poised to play a pivotal role in enabling Western Australia to maintain its leadership in emerging industries.

A significant portion of the fund will be directed toward infrastructure upgrades, including road improvements at the Kemerton and Kwinana SIAs. These enhancements are expected to reduce bottlenecks, increase land accessibility, and support incoming industrial tenants.

One of the prominent sites benefiting from this funding is the South West Advanced Manufacturing and Technology Hub located in Picton. The hub is on track to host a new manufacturing facility for electrical infrastructure, further aligning with the state’s clean energy vision.

Planning and Lands Minister John Carey emphasized the critical timing of this move, pointing to the strong demand for industrial land driven by Western Australia’s transition to cleaner energy sources. This aligns with ongoing industrial trends in the broader ASX200 index, as investors increasingly focus on sustainable growth and energy transition initiatives.

In parallel with this fund expansion, additional allocations have been made to complementary initiatives like the Investment Attraction Fund, the New Industries Fund, and the Collie Industrial Transition Fund. These programs collectively signal the state’s commitment to economic diversification and regional transformation.

Premier Roger Cook highlighted the vision behind the investment, noting that the state’s ambition is to become a global leader in attracting and facilitating industry. The funding is seen as a critical enabler for bringing high-impact projects to life and generating jobs across Western Australia’s industrial belt.

Among the listed beneficiaries poised to gain from this ramp-up in infrastructure readiness are companies engaged in energy transmission and regional development. For instance, Western Power (ASX:WPW) is planning a key manufacturing facility at Picton, reinforcing local supply chains and industrial capabilities.

As WA continues to invest heavily in its industrial future, this fund increase offers strategic tailwinds for enterprises and sectors aligned with the evolving priorities of the ASX200 and Australia's long-term energy and industrial agenda.

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