Home > SA state government to invest $6m in food and wine if re-elected

SA state government to invest $6m in food and wine if re-elected

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The South Australian government has announced that it will invest $6m to boost food, wine and fibre production under the agribusiness accelerator program should it get re-elected this month.

Gail Gago, Agriculture, Food and Fisheries minister, launched the accelerator program last year which is designed to provide funding for new businesses and promote SA agricultural products overseas, The ABC News. reports.

"I'm really pleased to be able to announce our agribusiness accelerator program,” Gago toldABC News.

"It's a number of really important measures to help grow and help producers and businesses expand their markets and improve their information base."

Under the program, five key areas will receive funding including:

  • The Functional Food Focus Program which is designed to boost research and development in the functional foods sector will receive a $1.1m investment over a two year period. This includes products such as omega three enriched eggs.
  • $1.35m will be invested over a four year period in the promotion of the South Australian Premium Food and Wine brand in key Asian and US markets.
  • The Agribusiness Investment Attraction Program will receive $1.15m over a four year period to develop a website that will act as a resource to provide investment opportunities within the agribusiness sector in the state.
  • $550,000 will be allocated over a two year period to the New Horizons soil project, and $1.3m will be spend of an Agribusiness Consultants Program to provide advice and a case management service for businesses to help them manage operations and risk management.

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