Development West Coast (DWC) was set up as a Charitable Trust in 2001 to manage, invest and distribute income from a fund of $92 million received from the Government.
This fund was an adjustment package for the loss of indigenous forestry and the privatisation of much infrastructure on the West Coast in the late 1990s.
DWC is governed by a Deed of Trust which specifies DWC's Objects - to promote sustainable employment opportunities; and generate sustainable economic benefits for the West Coast, both now and into the future.
A Board of seven Trustees govern DWC and they are supported by an Advisory Body who assist them on matters around the commercial finance function, and Investment Advisors who assist them on the management of the Fund. A staff of 16 carry out the day to day functions of the Trust.
Achieving our Object
Since inception, DWC has been involved in, invested and supported numerous projects and businesses throughout the West Coast in an endeavour to promote employment and generate sustainable economic benefits in the West Coast.