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Regional Growth Fund - Strategic Business Round 2020 SA


The Regional Growth Fund - Strategic Business Round provides funding to shovel ready projects in regional South Australia to assist the regions in their recovery from the economic impacts of the COVID-19 pandemic.

Open
Close date: 06 Jul 2020 12:00 AM AEST.

What do you get?

Matched funding of between $50,000 and $2 million.

Who is this for?

Organisations with shovel ready projects in regional South Australia.

Overview

Funding is available to incorporated organisations, business clusters and individual commercial enterprises that have shovel ready projects ready to roll out in regional South Australia.

The project or activity must:

  • drive new economic activity or produce outcomes that would not otherwise occur
  • deliver a transformational change for a sector or industry
  • create new or additional sustained economic benefit for the regional community
  • connect to a specific regional community
  • ensure that further intervention by government is not required to sustain the project or its benefits after the grant funding is provided

Examples of eligible projects may include:

  • power infrastructure e.g. solar, wind, biowaste
  • innovation
  • branding and marketing associated with higher-value markets
  • mobile and internet connectivity
  • regional ports and airports
  • efficient water infrastructure
  • telecommunications
  • regional roads (non-government owned)
  • bridges
  • weather stations

What are the eligibility criteria?

To be eligible, your organisation must:

  • be a legal entity
  • have an Australian business number (ABN) and be registered for goods and services tax (GST)
  • demonstrate the ability to commence the project within 3 months of approval from the Minister with the funds fully acquitted within 24 months of commencement
  • demonstrate that the project aligns to one of the nine Growth State priority sectors of tourism, food wine and agribusiness, hi-tech energy and mining, space industry, health and medical industries, defence industry, international education or creative industries

How do you apply?

You can find more about eligibility and how to apply at Regional Growth Fund - Strategic Business Round 2020.