SA Regional Growth Fund open for applications

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.

More information is here