01/07/2019

Stage government invites applications for the second $5m competitive funding round of the Regional Growth Fund.

Minister for Primary Industries and Regional Development Tim Whetstone said the $150 million Regional Growth Fund – part of the Recharging Our Regions policy – is designed to facilitate new economic opportunities to build and strengthen communities across regional South Australia.

“The (state) government recognises our regions are fundamental to the success of South Australia’s economy,” said Minister Whetstone.

“The Regional Growth Fund is a 10-year commitment offering $15 million in grants annually to support projects that unlock new economic activity in our regions, create jobs, grow export opportunities and strengthen regional communities.

“Round One of the program was a huge success with projects being funded in regions all across the state, from irrigation upgrades for apple and pear growers in the Adelaide Hills, a purpose-built healthcare clinic for Innamincka in the Far North, and creating new economic opportunities for Ngarrindjeri people through commercial pipi fishing in the Coorong.

“Last year the competitive funding was highly subscribed with 84 applications seeking a total of $61 million in funding.

“Successful projects will be those that deliver a tangible benefit to regional South Australia, such as new or improved capital works, infrastructure, facilities and similar investments. We are again seeking projects that foster collaboration and will result in wider community and industry benefits.

“I look forward to seeing the range of projects put forward to make a real difference in our regional towns and communities.”

Applicants can seek grants from $50,000 up to $2 million, with projects to be located within South Australia with outcomes and benefits for regional South Australia.

Projects should foster collaboration and demonstrate a commitment to local employment, and purchase local supplies wherever possible.

Applications to the Regional Growth Fund will be accepted from local government bodies, incorporated associations and business clusters.

Apply for Round 2 of the Regional Growth Fund now. Applications close Friday 9 August 2019.

Source article originally published on the South Australian Premier's website: Unlocking new economic activity in our regions