New $200m Future Jobs Fund
Jul 10, 2017
In the recent State Budget, the South Australian Government announced a new $200 million Future Jobs Fund.
As part of the Fund, there is $50 million in grants and $70 million in low interest loans available to businesses for job creation in five key areas – including Tourism, Food and Wine.
This includes proposals which will create jobs through investment in new or expanded primary production activities, including the grains sector.
Loans: For expanding an entity’s operations with the outcome of creating additional ongoing jobs. Examples include investment in new equipment, construction of infrastructure or facilities, purchase of land, and investments to enable diversification and growth.
Grants: Applicants must contribute matching funds of at least the amount of the grant sought.
Support Grants: Grants of up to $50,000 are available to assist applicants develop a business case in support of applications for grants and/or loans.
The application process is already underway, with the close of applications for Business Case Support Grants on 14 July 2017, with applicants notified on 28 July. Full applications are due on 29 September. (Note: Applicants don’t have to apply for a Business Case Support Grant in order to subsequently apply for the full grant or loan.)
There’s no time to waste to apply for these funds. Visit the Treasury website for more.