A split up of state government's latest multi-million dollar handout to boost regional businesses across South Australia, and importantly create more jobs, will be directed to a South East mill.
Funding of $12 million will see the delivery of 16 state projects, which includes support of a project at South East Pine Sales Pty Ltd, located at Wandilo, near Mount Gambier.
Primary Industries and Regional Development Minister David Basham, who announced the successful projects on Monday, said this stimulus will help South Australia's economy bounce back from recent challenging times.
Citing 2020 as a "tough year", Mr Basham highlighted how SA regions have been hit particularly hard by the drought, bushfires and the coronavirus pandemic.
"This $12 million from the Regional Growth Fund will unlock nearly $70 million of investment in South Australia's economy - creating more than 1000 jobs across the state," he said.
This $12 million from the Regional Growth Fund will unlock nearly $70 million of investment in South Australia's economy - creating more than 1000 jobs across the state.Primary Industries and Regional Development Minister David Basham
For the South East business, their slice of $88,000 will assist with an additional 980m3 capacity for an automated biomass steam generation plant used for wood drying.
The company offers one of the widest ranges of milled timber products, which are sawn and dried at their South East mill before being treated and graded on site at their Dandenong facility.
'We cut, dry and smooth the timber so that it is able to be used in structural applications,' their website states.
Their total project investment is valued at about $300,000.
Mr Basham said that pleasingly, more than 200 applications were received for the Strategic Business Round, with successful projects shovel-ready.
"In good news for other applicants there is still more funding available from the Regional Growth Fund and some of the remaining projects from this round are still being considered," he added.
The 16 successful projects are a combination of 13 projects from a once-off stimulus round of the Regional Growth Fund and three projects from Round Three.
Applicants to the Regional Growth Fund were eligible to seek grants from $50,000 up to $2 million.
Yet there is still $7.7 million in funding available through the Regional Growth Fund with further applicants from the stimulus round being considered from the Strategic Business Round.
For more information visit www.pir.sa.gov.au/regionalgrowthfund.