SMALL to medium size farming businesses can now apply for grants of up to $500,000 in the latest round of the Coles Nurture Fund.
Businesses with innovative ideas, fewer than 50 full time employees and turnover of less than $25 million in annual revenue are eligible to apply.
Since 2015, the Coles Nurture Fund has committed more than $30 million in financial support to more than 90 Australian producers.
The money has gone towards such projects as transforming infrastructure, reducing waste, energy efficiency and the installation of new equipment to support greater volumes of fresh produce.
Coles Group general manager of corporate and Indigenous affairs Sally Fielke said the fund was helping Aussie producers bring their ideas to life.
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"This year, we want to enable more businesses to invest in projects that drive innovation and improve sustainable practices in their farms and facilities," Ms Fielke said.
Previous projects funded by the Coles Nurture Fund include a vacuum truck to collect manure to convert into renewable energy, Australia's first quinoa processing facility, and a state-of-the-art factory to grow grass indoors.
National Farmers Federation chief executive officer Tony Mahar said innovation and sustainability were two key pillars that will drive the farm sector's future success.
"Australia's farm sector has such exciting opportunities ahead of it as we pursue our ambition to become Australia's next $100 billion industry," Mr Mahar said.
"We know that innovation and sustainability are critical to the future of Australian farming, and it's great to see this investment helping farmers to innovate and grow their businesses."
To apply for Round 11 of the Coles Nurture Fund, click here. Applications close 5pm AEST on Friday, February 24, 2023.
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