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State Budget 2024-25: Here’s what you need to know

State Budget 2024-25: Here’s what you need to know

The South Australian Government delivered the 2024-25 State Budget on Thursday, 6 June 2024 with a range of measures that will support the state’s 155,000 small businesses. Here are some of the highlights for small businesses:

New funding to improve energy efficiency for small businesses

Up to 8,000 eligible small businesses and not-for-profit organisations will have access to Small Business Energy Grants, which aim to help you become more energy efficient and reduce energy bills.

The $20 million program – to open in August 2024 – will provide grants between $2,500 and $50,000 for investments in energy efficient equipment or other improvements that reduce and manage your energy usage and costs.

You can prepare for the grant opening by attending a free Small Business Sustainability Program workshop that will help guide your decision-making.

Training places to boost the state’s future skills needs

More than 160,000 new training places will be made available to prioritise the state’s future skills needs in areas including defence, health, building and construction, early childhood education, clean energy transition and ICT. This includes a 20 per cent increase in TAFE SA places in regional SA.

The South Australian Government will also allocate $13.3 million to support the state’s workforce planning and defence industries pathways programs.

SA Young Entrepreneur Scheme extended

The South Australian Young Entrepreneur’s Scheme (SAYES) – a business mentoring, advice and support program delivered by SA Business Chamber – will be expanded to help more South Australian entrepreneurs across all age groups to develop and grow your existing business.

The 12-month program gives participants the tools and resources to run a successful business and includes face-to-face mentoring with industry leaders.

Family and business support for primary producers and regional communities

Rural financial counselling and family business support mentoring programs will be available to primary producers and regional communities to help you manage the future impacts of adverse events and industry challenges.

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