Coles opens grant round to support innovation and sustainability

Coles has opened an additional round of its Coles Nurture Fund with the aim of supporting small businesses working on innovative food and beverage projects.

Producers can apply for grants of up to A$500,000 to support work on innovative products, processes and technologies, up until March 20, 2020.

“At Coles, we want to win together with food and beverage producers by funding projects which drive innovation to inspire customers or improve sustainability on Aussie farms and production facilities,” Coles chief executive Steven Cain said.

“As a proudly Australian company that began as a small business [for] more than 100 years ago, supporting Australian producers to develop their businesses is a key pillar of our strategy to sustainably feed all Australians to help them lead healthier, happier lives.”

To be eligible for the grant, businesses must have less than 50 full time employees and a turnover of below A$25 million in annual revenue.

The round is also offered to producers affected by bushfires or drought to help them get back on their feet.

Coles Nurture Fund has given over A$21 million in funding since 2015 to over 50 Australian businesses.

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