Regional development funding welcomed

The local Regional Development Australia (RDA) chief executive officer has praised the recent Liberal Party announcement to increase in the Regional Development Fund.

State Liberal leader Steven Marshall recently committed to expanding the Regional Development Fund from $1.6 million per year to $15 million per year if he is elected at the March 15 election. 

RDA Far North chief executive officer Claire Wiseman said it was good to hear.

“Yes, this is a great announcement, expanding the Regional Development fund from $1.6 million to $15 million per year has the potential to bring great economic benefits to the region,” she said.

“Regional Development Australia Far North has a list of 70 plus infrastructure projects in our Regional Plan, totalling in the billions. 

“Having a larger pool of funding for these types of projects increases the possibility of getting some of the higher priority ones off paper and on the ground, benefitting our regional communities.”

Ms Wiseman said it was a significant commitment.

“$45 million over three years is a significant pool of funding,” she said.

“Potentially it could mean new and improved infrastructure and community facilities, employment opportunities, economic growth including business and investment attraction into the region.”

Currently the Weatherill Labor Government only allocates $1.6 million per year to the Regional Development Fund.

Mr Marshall said the announcement was about improving infrastructure and delivering better outcomes for regional communities.

“This fund was designed to drive economic growth in key export sectors by investing in regional infrastructure, creating jobs and new opportunities for regional South Australians,” he said.

“It is vital that we invest in our regional communities, develop their infrastructure and grow their capabilities as a foundation for future jobs and economic growth.”

The story Regional development funding welcomed first appeared on The Transcontinental.

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