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 to view the full program guidelines and for the latest updates.
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 businessgrowthfund@sa.gov.au.