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Regional Growth Fund grants available now

By | July 11, 2018

The 2018 competitive grant round for Regional Growth Fund grants is now open to South Australian businesses.

Regional Growth Fund grants

South Australian Premier with global entrepreneur Elon Musk.

This round has up to $5 million in available funding for regional business initiatives ranging from $50,000 to $2 million on a matched dollar-for-dollar basis.

Businesses have until August 31st to complete and submit their applications.

Regional Growth Fund grants criteria

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.

Altitude Advisory Partner Kristen Buik said the fund represented an unmissable opportunity for ambitious SA businesses.

“Regional businesses play a pivotal role in the South Australian economy so we welcome the Government’s latest funding round.

“I have seen firsthand the difference that public funding can make to regional businesses as many of our clients have been successful in securing grants.

“For regional businesses, this vital funding can often be the difference between rapid growth or struggling along and I would strongly encourage businesses to seriously consider applying.”

Primary Industries and Regions SA (PIRSA) is expecting strong interest from SA businesses looking to grow.

For more information on the funding, visit the PIRSA website here. If you would like information on how to apply for grants and other funding options, contact Altitude Advisory today, by clicking here.

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