Future Jobs program: $120 million available

Tuesday 01 August 2017
Future Jobs program: $120 million available

The South Australian Government have just released grant guidelines for $120 million in new grants and low interest loans for job creation under its Future Jobs program.

As part of this scheme, $50 million dollars has been allocated to provide support for businesses through grants with another $70 million dollars available through low interest loans.

Primary production and tourism is included as one of five eligible sectors which can apply for funding under this new program and growers are encouraged to apply to ensure our industry captures this funding and uses it to fund our future development!

A copy of the funding guidelines and application details can be found on the Department of Treasury website: http://www.treasury.sa.gov.au/taxes-and-rebates/subsidies,-grants-and-rebates/future-jobs-funds-grant

Future Jobs Fund loans ($70 million total)
Applications for loans may be made for assistance towards the costs of expanding an entity’s operations with the outcome of creating additional ongoing jobs. Examples include investment in new equipment, construction of infrastructure or facilities, purchase of land, and investments to enable diversification and growth.

  • The maximum loan size per      proposal is $10 million.
  • The minimum loan size per      proposal is $100 000.

Future Jobs Fund Grants ($50 million)
Applicants must contribute matching funds of at least the amount of the grant sought.

Requests for ongoing assistance (including ongoing tax relief), or proposals with significant risk of ongoing assistance, will not be approved.

  • The maximum grant per proposal      is $5 million.
  • The minimum grant per proposal      is $100 000.

Applications close 29 September 2017.

All applications to the Future Jobs Fund are to be submitted via www.treasury.sa.gov.au

DTF staff are available to discuss funding applications with proponents via futurejobsfund@sa.gov.au or 8463 5550.