Government Support
The South Australian Government can assist investors to identify appropriate business partners and secure rapid and straightforward approvals for new projects.
Our services are tailored to meet your investment needs and we can provide a quick response to help achieve your business outcomes.
Assistance is also provided through our targeted case management program which aims to simplify the interactions between government and investors in major projects.
The following funding options may also be available to your business:
Renewable Energy Fund
Strategic Industry Support Fund (SISF)
Industrial & Commercial Premises Scheme (Premises SA)
The South Australian Government can also offer guidance with regard to Federal Government initiatives available for renewable energy:
Clean Energy Initiative
R&D Tax Concession
Renewable Energy Fund
Created to attract capital investment into South Australia’s expanding renewable energy sector, the Renewable Energy Fund offers financial assistance in four broad areas:
Providing information required by potential investors
Generating advice needed to inform new policies
Assistance in bid preparation, access to research and development, and feasibility studies for key projects
Supporting early development of technologies not covered by Federal Government programs.
Guidelines for applications can be found in the Renewable Energy Fund factsheet.
There are no minimum or maximum funding limits in relation to individual projects. At this stage, proposals for funding will not be considered after March 2011.
Strategic Industry Support Fund (SISF)
Financial assistance is available for projects of strategic significance to South Australia through the Strategic Industry Support Fund (SISF) including:
Customised training and initiatives in relation to workforce development for companies planning to start new operations or expand existing operations in South Australia.
General investment opportunities including business relocation and expansion.
Industrial & Commercial Premises Scheme (Premises SA)
The Industrial & Commercial Premises Scheme (Premises SA) provides support for the development of new factory and commercial properties, and the management of established factories and commercial properties as part of the South Australian Government’s program for assisting industry.
Read more about Premises SA
Clean Energy Initiative
The Clean Energy Initiative (CEI) consists of:
The
Carbon Capture and Storage Flagships Program that supports the construction and demonstration of large scale integrated carbon capture and storage projects in Australia, which may include gasification, post-combustion capture, oxy-firing, transport and storage technologies.
The
Solar Flagships Program, which supports the construction and demonstration of large scale, grid connected solar power stations in Australia, which may include solar thermal, photovoltaic and energy storage technologies.
The
Australian Centre for Renewable Energy (ACRE), which promotes the development, commercialisation and deployment of renewable technologies through a commercial investment approach. ACRE also manages grants awarded under the following programs:
Read more about the Clean Energy Initiative
R&D Tax Concession
The R&D Tax Concession is the principal Australian Government initiative to increase the amount of research and development (R&D) undertaken in Australia. The aim is to encourage innovative, competitive and export-oriented Australian industries.
The concession is available to all Australian companies and offers:
a tax deduction of up to 125 per cent of expenditure incurred on R&D activities
an R&D Incremental (175% Premium) Tax Concession for those companies increasing their R&D expenditure and who have a three-year history of registering and claiming the 125% Tax Concession, or of receiving grants for R&D projects under Innovation Australia’s R&D Start and Commercial Ready programs
an R&D Tax Offset for companies with group turnover under $5 million and a grouped expenditure of up to $1 million for the year
an R&D Incremental (175% International Premium) Tax Concession for those companies belonging to a multinational enterprise group for additional R&D expenditure on behalf of a grouped foreign company above a rolling three-year average of expenditure
Read more about the R&D Tax Concession
