Coles has announced the awarding of more than $3.6 million in grants to eight small and medium-sized businesses across Australia, with a focus on driving sustainability and innovation.

Among the recipients is the Indigenous-owned family business, Walaja Raw Bush Honey, made at the Roebuck cattle station on Yawuru Country in the West Kimberley region.

Walaja (the Yawuru word for honey) will use its grant of $330,000 to create a new, medicinal grade, premium Melaleuca honey to bring to market.

Walaja Raw Bush Hone founder David Appleby expressed his gratitude for the grant and its potential impact on the company and the wider community.

"This grant will make a huge difference to our company and hopefully the health and wellbeing for the many Australians who can purchase this unique Kimberley honey," Mr Appleby said.

We're confident this investment will help enhance Indigenous knowledge and create local employment opportunities."

Beginning in 2015, the Coles Nurture Fund has provided more than $33 million in financial support to 100 businesses across the country. The latest round of grants will help businesses implement plans that promote sustainability and innovation.

Coles Group Executive General Manager Fresh, Andy Mossop, praised the recipients for their unique projects and their potential to achieve high-impact sustainability goals.

"I am excited to see how this round of funding will help bring to life bright ideas generated by these eight businesses," Mr Mossop said.

"From carbon-neutral bananas to freezing technology that promises to reduce food waste, this year's recipients are proof Aussie farmers are leading the charge when it comes to innovation and sustainability."

Other recipients of the Coles Nurture Fund grants include Bartle Frere Bananas, which will use its grant to develop a carbon-neutral banana range, and Esperance Bay Orchards, which will invest in technology to detect the internal quality of organic fruit and limit food waste.

Coles Nurture Fund judging panelist Curtis Stone congratulated the recipients, noting their focus on protecting the planet and driving change.

"It is encouraging to see our local Aussie farmers and producers setting benchmarks and leading innovation across many important areas of the industry," Mr Stone said.

"With the environment and animal welfare at the heart of what we do at Coles, I'm encouraged to learn more about how our locals are making a difference."