Economic Recovery Fund

ECONOMIC RECOVERY FUND

The $154.2 million Economic Recovery Fund (ERF) aims to assist business and industry in key areas to grow secure, well paid jobs, improve productivity, increase exports and support innovative, value adding technologies in South Australia.

The Government will hold a series of competitive funding rounds targeting specific sectors and key government objectives.

Funding applications are required to be made in accordance with the ERF Guidelines, together with the guidelines to be published for each specific funding round.

Round 2

Applications will open soon. Visit www.business.sa.gov.au/energy-grants to learn more.

$20 million has been allocated for the second round of the ERF 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, will be available on a first-come, first-served basis until the funding allocation has been exhausted.

Round 2 will be administered by the Office for Small and Family Business and will open in August 2024.

To register your interest or find out more, please visit www.business.sa.gov.au/energy-grants

Round 1

Round complete (applications closed).

Outcome:

More than 280 applications were submitted in the first round of the Economic Recovery Fund 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

The competitive evaluation process for applications submitted to Round 1 has been finalised. A total of 17 applicants have been offered financial assistance totalling $26.3 million.

Round 1 Resources

Resources

Economic Recovery Fund - Overarching Guidelines (PDF, 159.6 KB)

Get help

For enquiries about the ERF, including out of round applications, please contact the Department of Treasury and Finance at EconomicRecoveryFund@sa.gov.au.