The South Australian Government has called for applications for the inaugural $5 million competitive funding round under the Regional Growth Fund. Funding is available from $50,000 up to $2 million on a matched dollar for dollar basis.
The $150 million, ten-year fund, which was announced on 23 June, forms part of State Government’s ‘Recharging our Regions’ policy and was a key commitment of its election campaign.
Projects will be selected based on the following principles:
support for new economic activity that would not otherwise occur
the activity can be sustained without further intervention by government after the funding has been provided
the activity creates benefit for multiple entities, including entities not directly associated with the application
the activity contributes to the scale of an industry or sector
the application has a connection to and has vested an interest in a specific regional community.