SAFA has been supporting the Regional Growth Fund and in current times the Strategic Business Round 2020.
Regional Investment Fund injection
SAFA has been supporting the Regional Growth Fund and in current times the Strategic Business Round 2020, which is part of the $15 million per annum Regional Growth Fund to support projects that unlock new economic activity, create jobs, grow export opportunities and strengthen regional communities.
Recently the Premier Steven Marshall announced a $12 million support from the fund. This additional support to the regions will unlock $70 million of investment in South Australia’s economy, which will generate 1000 jobs across the state.
This funding initiative will see the delivery of 16 projects across the state worth tens of millions of dollars including a state-of-the-art potato washing and packing facility in the Murray Mallee.
The Pye Group received $2 million funding for the state-of-the-art potato packing facility under the funding initiative. The injection of funds has helped the Parilla plant to install a new washing and packing facility, which will double the production capacity of the company’s existing Virginia potato packing facility. More information is available about their expansion.
Applicants to the Regional Growth Fund were eligible to seek grants from $50,000 up to $2 million, with projects given preference if they can demonstrate a greater private-to-government funding ratio and demonstrable strong economic outcomes.
The applications were assessed by an independently chaired panel, and advice was recommended based on how well they aligned to the criteria of this Fund.
For more information about the Regional Growth Fund and the successful projects, visit www.pir.sa.gov.au/regionalgrowthfund