$10 Million to grow small business and create jobs in the north

Guidelines released today outline how the $10 million Small Business Development Fund will support small businesses to grow and create multiple, ongoing jobs in northern Adelaide.

An initiative under the State Government’s Northern Economic Plan, the Fund will provide small businesses with financial support through two Grant programs, over three years.

A total of $4 million in Start-Up Business Grants worth up to $20,000 will assist entrepreneurship and new business establishment, while $6 million in Business Expansion Grants worth between $10,000 and $100,000 will support activities that grow small, established businesses.

The Grants are exclusively for businesses based in the local government areas of Playford, Salisbury and Port Adelaide Enfield. Applications open on July 1.

Background

The Small Business Development Fund is an initiative under the Northern Economic Plan, which has been developed by the State Government in partnership with the Playford, Salisbury, and Port Adelaide Enfield Councils, along with industries, businesses, and the community.

The Northern Economic Plan is a blueprint for a prosperous northern Adelaide, focused on creating jobs and empowering local communities. More information about the Northern Economic Plan is available at www.looknorth.com.au

The guidelines can be found here.