Applications are now open for $5 million in funding for businesses in regional South Australia.
Part of the $150 million Regional Growth Fund, the fund hopes to create new economic opportunities for communities across South Australia.
“The Regional Growth Fund is a 10-year commitment offering $15 million in grants annually to support projects which unlock new economic activity in our regions, create jobs, grow export opportunities and strengthen regional communities,” said Minister for Primary industries and Regional Development Tim Whetstone.
In this second round of funding, projects that involve new or improved capital works, infrastructure, facilities or similar investments will be successful.
In the first round of funding, 84 applications sought a total of $61 million in funding.
“We are again seeking projects that foster collaboration and will result in wider community and industry benefits,” said Whetsone.
Previous funded projects included irrigation technologies for agricultural applications and medical facilities for remote communities.
Successful grants will range from $50,000 to $2 million and should foster collaboration while demonstrating a commitment to local employment and purchasing local supplies wherever possible.
Regional South Australia’s manufacturing base was boosted earlier this year when Ingham’s Group Limited invested $279 million in a state-wide expansion. The fully automated facilities were the first in milling operations. In addition to the initial construction jobs, an expected 850 jobs were expected to eventuate from the investment in February this year.
South Australia’s regional economy, and the Eyre Peninsula in particular is highly export oriented, according to Regional Development Australia, and is driven by manufacturing in concert with agriculture, fishing, tourism and mining. Notably, the production of metal products in Whyalla supports a wider manufacturing sector in this region of South Australia.
Examples of eligible projects include innovation, construction of infrastructure such as power, water and telecommunications, and bridges or weather stations. Ineligible projects could include purchasing of land, administrative or running costs, or feasibility studies.
Applications close on 9 August 2019.