Grant Programs

In reply to the Hon. C.M. SCRIVEN (13 November 2018).

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

1. To date approximately 800 actual jobs have been created.

2. The 14 projects will generate $201 million of capital expenditure over the life of the projects.

3. The 14 projects are projected to contribute cumulative $2.013 billion towards the economy in gross nominal terms over a 10-year period and will be completed by 2027-28 as assessed by South Australian Centre for Economic Studies (SACES). SACES notes a number of limitations of their analysis.

In particular, the analysis does not fully account for the potential for these projects to drive up costs and therefor reduce economic activity in the rest of the economy.