24/02/2021

Following extensive industry consultation and collaboration, all nine Growth State priority industry sector strategies have been launched.

Finger pointing to graphFollowing extensive industry consultation and collaboration, all nine Growth State priority industry sector strategies have been launched.

They will inform the State Government on how it can assist in unlocking and accelerating business expansion and job creation.

The nine priority sector strategies launched include growth targets of:

  • Tourism –   visitor expenditure of $12.8 billion by 2030, to generate an additional   16,000 jobs
  • International   Education – $3 billion expenditure (service exports), 71,000   enrolments and 23,500 jobs by 2030
  • Defence   Industry – create more than 4000 direct ship building jobs, with   thousands more in adjacent and support industries by 2030
  • Food,   Wine and Agribusiness – net revenue of $23   billion by 2030
  • Hi-Tech –   average 6 per cent growth per annum, seeing the gross value-add for the   sector increase to reach $365 million by 2030
  • Health   and Medical Industries – double the current   contribution to the South Australian economy (industry value-add) to $5 billion   by 2030
  • Energy   and Mining – increased exploration expenditure to $300 million a   year by 2025 and growing sector exports to $13 billion by 2030
  • Space   Industry – average growth rate of 5.8 per cent per annum to 2030,   seeing the gross value-add for the sector reach $250 million
  • Creative   Industries – 5 per cent growth per annum to 2030, seeing the gross   value-add for the sector reach $2.1 billion by 2030.

Progress towards each of the nine sector growth targets will significantly contribute to achieving the Growth State plan’s aim to grow Gross State Product (GSP) on average by 3 per cent, notwithstanding external shocks.

Sourced from the Premier of South Australia’s website: All nine industry sector strategies launched under Growth State plan