BUSINESS GROWTH FUND

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The $154.2 million Business Growth Fund (BGF) formerly the Economic Recovery Fund, aims to assist business and industry in key areas to grow secure, well paid jobs, improve productivity, deliver efficiencies, increase exports and support innovative, value adding technologies in South Australia.

The Government will hold a series of funding rounds targeting specific sectors and key government objectives.

Funding applications are required to be made in accordance with the BGF Guidelines, together with the guidelines to be published for each specific funding round.

Powering Business Grants

The Powering Business Grants support eligible South Australian small and medium businesses and not-for-profit organisations to invest in energy efficient equipment or improvements to reduce and manage energy use and costs.

Businesses can apply for a grant ranging from $2,500 to $75,000, subject to meeting eligibility requirements.

This round will be administered by the Office for Small and Family Business (external site). Please visit Powering Business Grants | Small and Family Business for the latest updates and to register your interest.

Small Business Energy Efficiency Grants

Applications for the Small Business Energy Efficiency Grants have now closed.

Please visit www.business.sa.gov.au/energy-grants (external site) for the latest updates and information.

$20 million has been allocated to support up to 8,000 eligible small businesses and not-for-profit organisations to invest in energy efficient equipment or other improvements to reduce and manage their energy usage and costs.

Grants ranging from $2,500 to a maximum of $50,000, with a matching contribution by the applicant, are available on a first-come, first-served basis until the funding allocation has been exhausted or by 29 November 2024 (whichever occurs sooner).


This round will be administered by the Office for Small and Family Business (external site). Please visit www.business.sa.gov.au/energy-grants (external site) to read the full guidelines and submit an application.

Manufacturing Innovation and Regional Tourism Infrastructure Development

Round complete (applications closed).

Outcome:

More than 280 applications were submitted under two streams: Manufacturing Innovation and Regional Tourism Infrastructure Development.

Following a competitive multi-staged assessment process, $26.3 million in financial assistance has been offered to 17 applicants. The successful projects under each stream are listed below:

Applicant Name

Short project description

Assistance type and amount

AML3D Limited

ARCEMY® Increase Deposition Rate

Grant - $1,123,223

Daych Services Pty Ltd t/a

SDA Engineering

BioChar manufacturing

Grant - $850,000

entX Limited

Isotope extraction

Grant - $1.901 million

George Street Steel Pty Ltd t/a

SJ Cheesman

Robotic welder

Grant - $460,300

Goolwa Pipi Co Pty Ltd

Pipi de-gritting technology

Grant - $531,558

Hendon Semiconductors Pty Ltd

Semiconductor processing equipment & clean room

Grant - $605,561

Inovor Technologies Pty Ltd

Space infrastructure for maritime surveillance

Grant - $2 million

Key Tubing & Electrical Pty Ltd

Wire processing line automation – scale-up

Grant - $491,236

Lencom Antennas Pty Ltd

Production facility for antenna/radar systems

Grant - $1,239,641

REDARC Defence & Space Pty Ltd

Defence & Space Centre of Excellence

Grant - $1 million

AND

Loan - $1 million

Thermo Gamma-Metrics Pty Ltd

In-line elemental analyser (batteries)

Loan - $2 million

United Precast Pty Ltd

Engineered Steel Mat manufacturing

Grant - $1.6 million

Applicant Name

Short project description

Assistance type and amount

Kangaroo Island Seaview Pty Ltd

38 new one-bed, one-bath motel rooms

Grant - $1 million

Luxury Hotels Australia Pty Ltd

71 room, six star luxury hotel at Seppeltsfield Winery

Loan - $3.5 million

Rawnsley Park Tourism Pty Ltd

6 new luxury eco villas in the Flinders Ranges

Grant - $1 million

The Break Surf Park Investments Pty Ltd

Surf park and resort at Port Willunga

Loan - $5 million

Wonganella Constructions Pty Ltd

Nexus Barossa Stage 2 - Hotel Suites

Grant - $1 million

Resources

Get help

For enquiries about the BGF, including out of round applications, please contact the Department of Treasury and Finance at EconomicRecoveryFund@sa.gov.au.