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Enterprise Zone Fund

16 December 2010

The South Australian Government is making $4 million available to promote investment and business development in the Upper Spencer Gulf and Outback.

Regional Development Minister Michael O'Brien has visited the region to outline details of the initiative and encourage applications.

He met local MPs, councils and development boards.

Mr O'Brien says the Enterprise Zone Fund was an election commitment, which the Government is honouring.

"The fund will enable businesses in the Upper Spencer Gulf and Outback to capitalise on the expansion of the resources and energy sector," he says.

"Cities such as Port Pirie, Port Augusta and Whyalla have a solid base of small to medium enterprises, which could be eligible to apply for assistance.

"Funds like this can mean the difference between capturing an opportunity to grow, or just watching economic expansion slip by."

Mr O'Brien says the Rann Government is pursuing strategies to promote regional economic development, and in the north, this development is closely linked to mining and resources.

"Organisations such as local government, individual businesses and industry associations can apply for grants," he says.

"The $4 million will be available over four years and applications will be accepted and assessed on a rolling basis throughout the year."

Details on how to apply can be obtained online at http://www.southaustralia.biz/Regional-SA/Programs/USGOEZGF.aspx