To accelerate growth, we need more businesses exporting and selling to markets outside of South Australia. Lifting private sector investment from both inside and outside the state is essential for economic growth and to improve business competitiveness.
While the state’s exports are growing in value, we have relatively few businesses exporting, and our share of Australian exports has been declining.
South Australia is well placed to take advantage of the opportunities the growing markets of Asia and other regions offer, but it requires concerted effort from industry and government. Business needs to have the confidence to take risks – on new markets, new products, and new production/delivery methods, and government needs to reduce barriers to investment in the state and to promote South Australia to the world.
The South Australian Government is already at work, together with industry, to drive economic prosperity and support business growth in our state.
The state government will be partnering with the South Australian space industry to send a locally manufactured small satellite to low Earth orbit – helping to improve state services such as, emergency services, the environment, water quality monitoring, mining and bushfire mitigation.
This initiative provides $800 000 in 2020-21 to undertake a crowd-sourced, open platform international competition to identify technical innovation opportunities across the state’s critical minerals value chain.
The investment will focus on the key themes identified in the Commonwealth Government’s 2019 Critical Minerals Strategy of attracting investment and supporting innovation in new technologies to support South Australia’s critical minerals sector. The project will also help to diversify supply chains, including in response to challenges presented by COVID-19. This initiative has been funded from the Economic and Business Growth Fund.
Through the South Australian Tourism Commission, the State Government is committing $20 million to the Tourism Industry Development Fund over two years to support regional tourism in South Australia.
$1 million over three years to develop and execute an international education global marketing campaign in partnership with StudyAdelaide, sector and state tourism stakeholders. This will leverage Austrade's new global International Education National Brand to develop sustainable international education growth markets.
$1 million over four years to fast-track the development and delivery of a virtual business matching program across the state’s priority sectors. Through this initiative, the department's offshore networks in China, Japan, UK, Malaysia and USA will be better enabled to connect businesses and importers and build advisory referral networks.
Awareness and marketing campaigns to increase program uptake by exporters will also be undertaken.
This initiative provides $5 million over three years for Phase 2 of the Gawler Challenge to build upon the results of the first challenge. This will acquire and deliver new quality open access geoscience datasets to develop the next generation of mineral systems models for the region. This initiative will support increased private mineral exploration expenditure. This initiative has been funded from the Economic and Business Growth Fund.
A world-wide call for geologists and data scientists to uncover new exploration targets in the state’s Gawler Craton region.
Using the Geological Survey of South Australia’s historical records, primary data and research, the competition combines geological expertise with new mathematical, machine learning and artificial intelligence to increase the number of potential drill targets across central South Australia.
The South Australian Government business mission calendar presents a sectorial focused program that offers targeted activities for businesses to participate in. Activities are supported in-country through the government’s overseas representatives and through the established international trade and investment office network.
Trade and investment offices in new locations (Houston, USA; Dubai, UAE; and Kuala Lumpur, Malaysia) are being established in markets of importance to South Australia to increase the state’s engagement, opportunities for collaboration, business, investment and jobs.
8 March 2019
Trade and Investment office opens in Australian Embassy in Tokyo, Japan.
6 November 2018
Australian Trade and Investment office opens in Shanghai, China.
The state government has established a global network and is looking to expand its overseas representation and establish a new office in China (Shanghai), Japan, United States of America, Malaysia and United Arab Emirates.
Export training program that will integrate online resources, face-to-face delivery in both the city and the regions and tailored mentoring to maximise benefits to participants.
Export program that will target businesses with the most potential to become South Australia’s next global leaders and assist them build export capacity.
Creation of a new digital one-stop-shop for investment attraction and acceleration.
Delivering the Hydrogen Export Modelling, Tool and Prospectus for South Australia’s hydrogen export supply chain.
South Australia is bolstering it’s presence to increase investment from and drive trade into the Americas, with the appointment of Regional Director Stuart Nutting.
The industry-led plan to grow South Australia’s health and medical industries sector was launched, setting out a clear roadmap to grow the industry to $5 billion by 2030.
The industry-led plan to grow South Australia’s food, wine and agribusiness sector plan was launched, setting a clear roadmap to grow the industry to $23 billion by 2030.
South Australia’s games industry has been given a boost with an extension to the existing Post-Production, Digital and Visual Effects (PDV) Rebate to video game development.
The PDV extension is a 10 per cent rebate on qualifying production expenditure in South Australia and is aimed at further growing the Creative Industries sector.
The move will drive jobs growth and attract international investment to South Australia in a sector worth $180 billion globally, larger than the film and music industries combined.
$4m SA international start-up Landing Pad
Financed by the Economic and Business Growth Fund, the South Australian Landing Pad offers international entrepreneurs up to $80,000 over 12 months to help cover the business accommodation and professional services costs of setting up in SA.
In the 2019-20 State Budget an additional $30 million was committed to marketing South Australia, building on the $10 million committed in the 2018-19 budget and a $3 million contribution from the Economic and Business Growth Fund. This commitment will further the acceleration of SA's fast growing visitor economy, which reached $7.6 billion in the September 2019 quarter.
The state government commits $75,000 towards Vinehealth Australia's digital biosecurity platform, which provides real-time data on South Australian vineyards to further strengthen South Australia's phylloxera-free status.
The state government announced a $7.5 million Economic and Business Growth Fund contribution to support industry productivity and strengthen biosecurity in the red meat and wool sectors over the next three years, beginning July 2019.
This funding complements the aims of the Beef and Sheep Industry Blueprints, which highlight opportunities for South Australia to increase farmgate returns and market access.
The funding will focus on three areas:
Learn more on the Primary Industries and Resources SA website.
From 1 January 2019 the state government abolished payroll tax for the state’s 3,200 businesses with taxable payrolls of up to $1.5 million. This important tax cut is part of a suite of reform measures designed to stimulate economic growth and investment.
The Payroll Tax (Exemption for Small Business) Amendment Bill 2018 lifts the annual taxable wages threshold from $600,000 to $1.5 million.
A further 400 businesses with payrolls between $1.5 million and $1.7 million will receive a welcome reduction in the amount of payroll tax they are required to pay through a phased-in approach.
Bringing the Defence Landing Pad, SmartSat CRC, Mission Control and the Space Discovery Centre to Lot Fourteen. These developments represent a total investment close to $300 million, positioning South Australia to help triple the size of Australia’s space economy by 2030.
The Defence Landing Pad, to be located at Lot Fourteen, announced as a home for global companies to develop their Australian business strategy and plan local operations.
The South Australian Productivity Commission was established to examine and make recommendations on matters referred to it by government that facilitate productivity, growth, unlock new economic opportunities, support job creation and remove existing regulatory barriers.
Dr Matthew Butlin appointed as inaugural chair of the South Australian Productivity Commission.
The South Australia Export Accelerator grant launched to assist businesses to participate in international trade shows and business missions, produce marketing collateral, conduct market research, e-commerce development, export training and consultation and contribute to travel and accommodation costs, and ultimately take their products to new markets.
Regional areas will enjoy a wider variety of food and drink experiences, better water and cycling infrastructure, and diverse tourism opportunities thanks to the latest $5 million Regional Growth Fund competitive grant program, which is expected to create more than 160 jobs.
The 2019-20 RGF competitive funding round opens with submissions accepted from local government bodies, incorporated associations and business clusters. Applications close Friday 9 August 2019.
Lot 100 Beverage Collaborative granted up to $400,000 from the Regional Growth Fund to increase production capacity across craft spirits, beer and cider production, and optimise the facility for production, transport and distribution.
The 2018-19 RGF competitive funding round opens, with funding available for regional development initiatives from $50,000 up to $2 million on a matched dollar for dollar basis, with applications to be assessed by a panel led by an independent chair.
State government launches the $150 million Regional Growth Fund (RGF) to bolster South Australia’s regional economy and support job growth.
The government significantly reduced Emergency Services Levy bills for fixed properties.
16 July 2019
State government contributes $480,000 from the fund to support Sony Interactive Entertainment to set up in Adelaide, bringing investment from the international gaming and entertainment giant to SA along with 32 new local engineering jobs.
24 March 2019
State government invests $7.5 million in South Australia’s red meat sector in a bid to grow productivity in the industry and further strengthen biosecurity through technology adoption.
18 March 2019
The fund contributes $6 million in the SA Film Corporation’s Screen Production Investment Fund, charged with helping grow the industry and create jobs through the of financing local and international film projects, to secure local production of Mortal Kombat, the biggest movie project to be produced in South Australia.
21 March 2018
Four million dollars is invested in the South Australian Landing Pad, an initiative designed to lure scale up and start up businesses to SA by offering global entrepreneurs up to $80,000 over 12 months to help cover business accommodation and professional services costs.