Coles Nurture Fund 2016
In April 2015, Coles launched the $50 million Coles Nurture Fund to help small Australian businesses looking to take the next step in creating more productive and innovative ways of working.
In 2016 Coles allocated nearly $4 million in grants and interest-free loans from the Nurture Fund, with nine small businesses receiving assistance. Among the first recipients were:
- Ashley Wiese and his business partners from Three Farmers in Western Australia, who have used a $500,000 grant to help build mainland Australia’s first quinoa processing plant. Three Farmers have since started processing Australian white quinoa and supplying Coles brand, replacing imports from South America.
- Australian Fresh Leaf Herbs in outer Melbourne, which has used an interest-free loan of more than $430,000 to build a state-of-the-art greenhouse, which uses cloud technology to help know the best time to plant, pick and pack their herbs.
- The Clark family from Westerway Raspberry Farm in Tasmania, who have used a $260,000 grant from Coles to adopt new freezing technology to supply Tasmanian frozen raspberries to customers.
- Onion and garlic grower Moonrocks, which has used a $400,000 grant to help grow and pack garlic in remote Queensland, extending the availability of Australian-grown garlic in the State.
- Family business Harvey Citrus which has used a $500,000 grant to develop Western Australia’s first seedless lemons and has planted thousands of additional lime and mandarin trees to provide locally-grown produce for the upcoming citrus season.