Economic and Business Growth Fund

451 The Hon. S.C. MULLIGHAN (Lee) (1 April 2021). As at 31 March 2021, how much of the economic and business growth fund

(a) Has been committed?

(b) Has been expended?

(c) Remains uncommitted?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

As at 31 March 2021:

$218.2 million had been committed.

Agencies reported having spent $36.0 million on approved economic and business growth fund initiatives.

Agreements have been entered into with a number of organisations who will receive funding from the EBGF under the $218.2 million commitments made. These agreements have conditions attached, including FTE targets, with funding provided to the organisation in some cases over six years.

The EBGF also funds a number of government programs, with funding profiled over the forward estimates based on expected program timeframes. Some of these programs require agencies to enter into separate grant agreements or contracts, with payments expected to be made based on milestone achievement.

$101.8 million was uncommitted.