Next round of regional growth fund unlocked

Next round of regional growth fund unlocked

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THE next round of the state government's Regional Growth Fund is open for applications.

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THE next round of the state government's Regional Growth Fund is open for applications.

The RGF provides $160 million over the course of ten years to support SA projects that help drive economic growth and strengthen regional communities.

Primary Industries and Regional Development Minister David Basham said applicants were able to seek grants from $50,000 up to $2 million in the fourth round of funding.

"SA's regions are a key economic driver for our state contributing about $29 billion per year and we want to continue to grow this figure," he said.

"It's important we do everything we can to drive economic growth in our regions, creating local jobs and our Regional Growth Fund plays a key part in this.

Mr Basham said the government had already provided more than $60m to businesses through the RGF.

"Once completed, these projects will deliver nearly 700 jobs, a tangible benefit to regional SA in addition to providing new or improved capital works, infrastructure and facilities," he said.

"The opening of this round of funding follows on from the launch of the first South Australian Government Regional Development Strategy which lays out a clear pathway to work positively and strategically with communities to grow our regions."

Those invited to apply for funding in the competitive pool include local government bodies, incorporated associations, registered charities/company limited by guarantee, cooperatives and business clusters of two or more non-associated organisations who are sharing financial commitment to the project.

Applications close on Monday, July 12, 2021 with applicants able to seek grants from $50,000 up to $2m.

More details: www.pir.sa.gov.au/regionalgrowthfund

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