The new Jobs and Economic Growth Fund Guidelines are now available at the following link: Jobs and Economic Growth Fund Guidelines
The Economic and Business Growth Fund was established as part of the 2018-19 Budget to promote economic growth in South Australia by encouraging growth of existing industries, developing new industries, building international connections, and attracting foreign and national direct investment.
From 1 July 2021, the Fund has been renamed the Jobs and Economic Growth Fund and will have funding capacity of $200 million over four years to focus on supporting initiatives that create long-term sustainable jobs and economic growth.
The Fund is targeted to support initiatives and projects with priority given to the nine sectors identified as part of the Growth State partnership between the South Australian Government and
Defence industry Tourism
Space industry Energy and mining
The Hi-Tech sector Health and medical industries
Food, wine and agribusiness Creative industries
These nine sectors have been identified as ones of comparative advantages, having strong potential to meet increasing interstate and global demand, and attract investors.
Funding will be primarily targeted to support industry or sector wide led initiatives which create long-term sustainable jobs and improve the overall productivity, capacity and competitiveness of at least one of the priority sectors.