The $15 million Regional Development Fund (RDF) commenced on 1 July 2014 and aims to increase economic growth and productivity for regional South Australia.
The broad objectives of the RDF are to support regional economic development by:
- creating new jobs and improving career opportunities
- providing better infrastructure facilities and services
- strengthening the economic, social and environmental base of communities
- supporting the development and delivery of projects
- leveraging funding and investment.
The RDF is administered by Regions SA, and includes the Fund My Idea (Country Cabinet) program.
RDF Economic Contribution Report
An independent economic analysis by Ernst and Young has assessed the economic impact of the Regional Development Fund to South Australia. It estimates the direct and indirect contribution to the State's economy, including gross output and employment generated by supported projects in rounds 1, 2 and 3.
The RDF has awarded grants around South Australia to a range of small and major initiatives. The grants have supported major economic projects designed to strengthen regional industries as well as community infrastructure projects, driven new regional employment and investment opportunities, and underpinned investment in regional communities to develop their economic infrastructure and grow their capabilities.
Contact the Regions SA Grants Manager on (08) 8429 0506 for more information.