New funding agreement for regional development boards
Source: South Australia. Minister for Regional Development. Media Release
"Minister for Regional Development Karlene Maywald says a new funding agreement for the State’s 13 regional development boards will enable the government to continue driving economic growth in country South Australia. The State Government will provide $18 million and Local Government more than $5 million in a deal which guarantees the delivery of programs and services for another five years. “For the first time, indexation on funding will occur on an annual basis starting with a 2.5 percent increase in the first year,” Minister Maywald said. “Through this funding agreement, the State Government provides a regional point of contact to aid business development as well as providing expertise and support services for regional business communities. “A five-year funding agreement provides further security and a longer-term outlook to plan strategically for sustainable economic development in our regional areas."