Economic and Business Growth Fund

In reply to the Hon. Z.L. BETTISON (Ramsay) (25 September 2018). (Estimates Committee B)

The Hon. D.W. RIDGWAY (Minister for Trade, Tourism and Investment): I have been advised:

1. It is expected that economic development agencies will engage with industry groups to identify and assess the priority industry sectors which have emerging growth prospects that could be enhanced through initiatives supported by the Economic and Business Growth Fund. The number of full time equivalent staffers within each agency that will support the development of initiatives will vary over time depending on the size and complexity of the issues being considered.

2. All proposals seeking approval under the Fund will first need to be submitted for assessment to a Governance Group comprised of:

David Reynolds, Chief Executive, Department of Treasury and Finance (chair)

Jim McDowell, Chief Executive, Department of the Premier and Cabinet

Mike Hnyda, Chief Executive, Department of Trade, Tourism and Investment

Mark Duffy, Chief Executive, Department of Industry and Skills

Scott Ashby, Chief Executive, Department of Primary Industries and Regions SA

The Governance Group will assess whether the proposal meets the Government's industry financial assistance principles and advise the Economic and Infrastructure Committee of Cabinet (EICC). Proposals supported by the EICC will then be progressed to either the Treasurer or full cabinet for the final decision.