Eight northern Adelaide companies will share in $442,000 to help with assist with their start-up or expansion in the latest round of the Small Business Development Fund (SBDF).
The $10 million fund, established to help small businesses in northern Adelaide to grow and create jobs, will support three new small businesses with start-up grants totalling $49,000:
- Back In Motion - $15,000 to establish a franchise physiotherapy business at Hampstead Gardens
- Cult and Harper - $14,000 for an art gallery, retail outlet, photography studio and artist’s space in Port Adelaide
- Michonne Pty Ltd - $20,000 for a new French style restaurant and wine bar in Port Adelaide.
Five existing small businesses will share $393,000 worth of business expansion grants:
- Burnie Timber - $100,000 for improvements to logistics, which will double the capacity for loading and unloading at the Alberton timber yard
- Dolphin Explorer Cruises - $50,000 towards the construction of a new boat by local ship builders, creating new eco-tourism opportunities on the Port River
- Gelato Bello Pty Ltd - $53,000 to assist with the fitout of a new gelati shop on Semaphore Road
- Sweet Amber - $90,000 to purchase and install a 500 litre brew house with associated plant and equipment that will allow production of craft beer on site in Semaphore
- T Musolino & Co - $100,000 towards a new dosing machine for cauliflower rice, which will increase capacity to meet strong market demand for this premium food product.
Small Business Minister Martin Hamilton-Smith said SA’s small business sector is a key driver of employment and growth, employs almost 250,000 people and delivers about $34 billion in economic benefit annually. As such the State Government is committed to providing the right business environment for businesses to grow.
Established as part of the Northern Economic Plan, the SBDF gives small businesses and start-ups in the Playford, Port Adelaide Enfield and Salisbury council areas financial support through two dedicated grant programs.
Grants worth up to $20,000 are available to assist entrepreneurship and new business establishment, while grants worth between $10,000 and $100,000 are available to support activities that grow small, established businesses. For more information and to apply, visit: www.statedevelopment.sa.gov.au/SBDF
Quotes attributable to Small Business Minister Martin Hamilton-Smith
To date, 131 businesses and start-ups in Adelaide’s north have shared in $5,850,000 worth of Small Business Development Fund grants since the fund was established last year.
The projects supported by these grants will create more than 400 FTE positions over a 12-month period.
Twelve month reporting on the jobs generated from rounds 1 and 2 of the fund has commenced, showing 71 FTE new positions created to date.
I encourage any existing small businesses, or anyone thinking about starting a company in Adelaide’s north, to take advantage of the funding available and apply for a Small Business Development Fund grant.