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Plan to revitalise Riverland

13 September 2010

The State Government has unveiled details of its $20 million plan to revitalise the Riverland as a key economic and community hub of South Australia.

Regional Development Minister Michael O'Brien has launched the Riverland Prospectus, which aims to help create a more diverse industry base and promote further investment in existing businesses.

The Prospectus sets investment targets of an additional $500 million and an increase in population of 7000 people over 20 years.

'The Riverland has a proud history of growing quality food and wine, which has underpinned the region's economy and contributed to the export efforts of the state,' Mr O'Brien says.

'The Riverland Prospectus recognises that while irrigated horticulture and agricultural production will continue to support the region's long-term viability, the economic base must also evolve and diversify, building upon its strengths and competitive advantages.'

Mr O'Brien says the Rann Labor Government had allocated $20 million over four years to implement the plan.

'This investment represents the payment of a social dividend to the Riverland, which for many years has been a significant driver of the state's economic success,' he says.

'The compound effect of irrigation cutbacks, drought, low commodity prices and the wine glut created a unique set of circumstances that required government intervention.

'This is not a handout. It's the foundation upon which South Australia can leverage Commonwealth assistance and encourage business to co-invest.'

Click here for more information on the Riverland Sustainable Futures Fund.