Three new export and investment programs to drive growth

19.11.2019
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The Marshall Government has today announced an injection of almost $4 million to accelerate export growth and enhance investment opportunities in South Australia. 

Speaking at CEDA’s State of the State event today, Minister for Trade, Tourism and Investment, David Ridgway said these new programs will not only boost the skills and knowledge of our local exporters, they will  help identify new growth opportunities in South Australia.

“The three new programs - ‘Export Fundamentals’, ‘Global Expansion Accelerator’ and ‘Digital Interface for Investors’, will provide our local exporters with the tools and confidence to explore new international markets.

“These export programs build on the existing state and federal government initiatives, including the South Australian Export Accelerator Program, TradeStart services and expansion of our overseas office network.

“The Export Fundamentals Program will replace the Export Ready program that has been delivered by Business SA since 2017, with an allocated $1.5 million over four years to deliver the new model,” Mr Ridgway said.

“The program will enable emerging South Australian exporters to participate cost-effectively to access an up-to-date suite of offerings that are attractive to the broadest range of businesses.

“The new model will integrate online resources, face-to-face delivery in both city and regions, and remote delivery using tools such as webinars and video-conferencing. It will also include high quality mentoring, utilising specialist providers, to maximise benefits to participants.”

“The second export related program, the Global Expansion Accelerator, has been allocated $2.3 million over four years to build comprehensive export capacity of businesses with the most potential to become South Australia’s next global leaders.

“The program will target businesses who are experiencing high growth, have a realised product or service market fit, are positioned to embark on a ‘growth through export’ pathway or expand to additional markets, or are operating in one or more of the state’s growth sectors,” Mr Ridgway said.

The Digital Interface for Investors initiative is designed to highlight South Australia’s visibility, particularly for interstate and overseas investors, consolidators and importers; the program will provide the target audience with key comparable data to help support investment.

“The Digital Interface will incorporate two strands; firstly, a catalogue of investment-ready project opportunities, uploaded and maintained by industry, on a state managed platform,” Mr Ridgway said.

“And secondly, a digital front door – a one-click entry point to the case management and curation services that the Department for Trade, Tourism and Investment provides companies interested in investing in South Australia.

“There will be a $200,000 one-off development cost for the Digital Interface.”

A competitive tender process to deliver the new Export Fundamentals Program has opened today. To view the Tender, visit: www.tenders.sa.gov.au

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