The South Australian Government has committed $154.2 million to the Business Growth Fund (the ‘BGF’) (formerly the Economic Recovery Fund) to assist business and industry to grow secure, well-paid jobs, improve productivity, deliver efficiencies, increase exports, and support innovative, value-adding technologies in South Australia.

The objective of the Program is to support eligible small and medium sized businesses (or ‘SMEs’) (including not-for-profit organisations) to invest in energy efficient equipment or improvements to reduce and manage energy use and costs.

Investing in energy efficient equipment or improvements may also assist eligible businesses to:

• adopt more energy efficient practices

• provide environmentally friendly products and services

• avoid and reduce waste, and adopt new technologies and processes.

The Program is administered by the Office for Small and Family Business (the ‘OSFB’) within the Department of State Development (the ‘Department’), on behalf of the Treasurer of South Australia (the ‘Treasurer’). The Treasurer and any delegate (if appointed) has full discretion to vary eligibility for the Program and any other terms and conditions of the Program.

To access approved funding, successful applicants will be required to sign a grant agreement stipulating obligations of the applicant and the conditions under which any assistance is given, including, where relevant, clawback and reporting requirements.