The South Australian Minister for Small Business, Hon Martin Hamilton-Smith MP, has advised the National Retail Association of the launch of the Small Business Development Fund for Northern Adelaide.
Small businesses based in the local government areas of Playford, Salisbury and Port Adelaide Enfield can now access a $10m fund to grow their business and create sustainable jobs.
Part of the Northern Economic Plan, the Small Business Development Fund provides financial support through two dedicated grant programs:
• Start-up Business Grants – a total of $4m in grants over three years, worth up to $20,000 each, available to assist entrepreneurship and establishing new businesses.
• Business Expansion Grants – a total of $6m in grants over three years, worth between $10,000 and $100,000 available to support activities that grow established small businesses in northern Adelaide.
“Small businesses are significant employers in this state and we are providing substantial support to them during the transition of our economy,” said the Hon Martin Hamilton-Smith MP.
Along with payroll tax rebates and simpler procurement provisions when tendering for government work, these initiatives are designed to help small businesses thrive and grow, creating jobs, particularly in Northern Adelaide.