If you’re looking for support to help your business grow, improve, or expand into a new industry, there are many financial support options ready and available to you.
With initiatives such as the Future Jobs Fund and the extension of the Job Accelerator Grant to provide $15,000 for each new apprentice a business hires, the State Government is committed to ensuring a successful future for South Australia by growing jobs today, and creating jobs of tomorrow.
The Small Business Development Fund
If you’re looking to start a new business, or grow an existing business, in northern Adelaide then you could be eligible for grant funding through the Small Business Development Fund.
Up to $20,000 to help you start a new business, or up to $100,000 to help grow an established small business, is exclusively available to new and existing businesses in the Playford, Port Adelaide Enfield and Salisbury council areas until June 2019.
Two grant programs within the fund, the Start Up Business Grant Program and the Business Expansion Grant Program, provide matched funding to help you create sustainable jobs. Both of these competitive programs award funding based on the merit of applications.
Applications are assessed every six to eight weeks. Find out if you’re eligible now.
Job Accelerator Grant Scheme
The Job Accelerator Grant scheme has created thousands of new jobs in South Australia. Businesses can now register for assistance in employing additional full-time, part-time and casual employees, with up to $10,000 for each new employee, and a further $5000 for each eligible apprentice or trainee.
The grant aims to create jobs now and build a strong workforce for the industries of the future. Start shaping the jobs of tomorrow – find out if your business is eligible today.
Future Jobs Fund
The State Government has established the Future Jobs Fund, with more than $200 million to drive employment growth and confront challenges to the economy.
The government is determined to build new industries, back the growth sectors already competing successfully and create incentives to encourage businesses to invest. The fund will attract new businesses to South Australia and support local industries to grow.
As part of the fund, businesses and non-government organisations are invited to apply for $50 million dollars in grants and $70 million dollars in low interest loans to help develop globally competitive industries and industrial capabilities in five key sectors in South Australia:
- Shipbuilding and defence
- Renewable energy and mining
- Tourism, food and wine
- Health and biomedical research
- IT and advanced manufacturing
Applications for fund grants and loans must be received no later than 29 September 2017.
There are a wide range of government agencies currently providing valuable grants, funding programs, and initiatives to help regional businesses and organisations boost their potential. Find out more
Other grants programs
There is a range of programs across all South Australian industry sectors, including manufacturing, arts, small business, medical and assistive devices, environmental, food, beverages and wine, mining and energy resources, forestry, and automotive.
To locate the assistance and program initiatives most relevant to your business needs, explore GRANTassist now.
Small business assistance
As part of the South Australian Government’s commitment to growing the small business sector, services have been brought together as part of the Small Business Centre.
The centre connects the services of the Office of the Small Business Commissioner, the Office of the Industry Advocate, and the Department of State Development in a single physical location for the first time, providing easy access to support and advice.
The centre provides key information to assist small businesses from across State and Federal Governments, as well as industry and other business associations. Staff will work with businesses to identify the best person in government to assist with a particular query.
Visit the Small Business Centre at 99 Gawler Place, Adelaide, South Australia.
Investment Attraction South Australia works closely with companies and investors to deliver their projects, bringing new jobs, investment and economic activity to the State.
The service can connect companies and investors with decision-makers, identify funding and support options, help you choose new premises and then settle into South Australia.
The speed and professionalism provided by the team means the process of securing your investment is streamlined to ensure your business is a success in our State. Investment Attraction South Australia will:
- Provide a dedicated point of contact for all your project requirements
- Ensure you have the best support to expedite your project in what may be a new state or country
- Simplify dealings with government and other business partners to streamline your path to a secure investment
- Provide policy and regulatory assistance to accelerate your investment
- Help you access the State’s skilled local workforce, ensuring you’re connected to professionals who can deliver results
- Link you to new technologies, services, skills or processes which may add value to your organisation
Find out more at invest.sa.gov.au.
Health and life sciences companies investing in Adelaide can gain advice and support from South Australian Government agency Health Industries South Australia every step of the way as they establish and grow in the State.
Health Industries South Australia is a simple point of contact for companies staffed by business professionals who have expertise in areas such as pharmaceuticals, biotech and medical devices.
Companies can get advice on government regulations, help accessing land, and introductions to the local life sciences community, from education and research through to venture capital and industry.
Find out more at healthindustries.sa.gov.au.
If your business pays or is part of a group of businesses with a wages bill in excess of $600,000, you may be liable for payroll tax.
The State Government has announced it will permanently reduce payroll tax for businesses with wages between $600,000 and $1 million.
Other useful links
If you own, represent or are purchasing a business, additional information from Revenue SA will assist you in understanding any related taxes and duties that may be payable, or any rebates that may be available. Find out more about grants and other resources available.