$7 million Business Attraction Fund for Northern Adelaide Food Park
The next stage of the Northern Adelaide Food Park is underway, with $7 million funding available to attract food and beverage processors, manufacturers, packaging and logistics businesses looking to locate at the new industry hub to create jobs, increase exports, and stimulate economic growth.
The Food Park will be located at Edinburgh Parks, instead of the site initially selected at Parafield Airport’s Cross Keys precinct.
A $7 million Food Park Business Attraction Fund is now available to help businesses looking to relocate to an innovative, smart and central food manufacturing area.
Existing food and beverage businesses located at the Food Park site in Edinburgh Parks, as well as international and interstate businesses looking to relocate to South Australia, may also be eligible to apply to the State Government’s $200 million Future Jobs Fund.
There are currently four well-known and reputable South Australian companies who are in negotiation to sign on as tenants of the Food Park.
The Food Park will generate economic growth in northern Adelaide by attracting new and expanding businesses. It will encourage innovation in the food industry by forging collaborative partnerships, economies of scale and knowledge sharing.
Parafield Airport Ltd’s Cross Keys Precinct was initially identified as the preferred site for detailed concept, infrastructure and implementation planning of a food park following an open market and site assessment process. This initial phase was undertaken with an intent from both parties to review the outcomes of concept planning before any further commitment.
After detailed planning, site feasibility work, and discussions with the food industry, it was determined the Parafield Airport site proposal wasn’t commercially attractive to the private sector, as it was unable to provide the flexibility of tenure or development opportunities many local businesses were looking for.
The Food Park will capitalise on ‘South Australia’s premium food and wine exported to the world’ credentials, maximising production of value-added food, wine and beverages.
The project forms a key part of the Northern Economic Plan, developed by the State Government in partnership with local councils, industry, business and the community to support economic growth and create jobs in the Northern Adelaide area.
Premier Jay Weatherill said he was thrilled to announce the $7 million Food Park Business Attraction Fund, which will help businesses relocate to reach local, national and international markets quickly.
“South Australia is a global leader in growing clean and green produce and the food industry continues to grow at a record rate,” Mr Weatherill said.
“In December, our food and wine revenue hit a record $18.64 billion and created 3400 jobs in the past year and we’re pleased to continue supporting this industry through the Northern Adelaide Food Park and these grants.”
Minister for Agriculture, Food and Fisheries Leon Bignell said the $7 million in grant funding presents a fantastic opportunity for businesses wanting to be involved in the Food Park.
“The Food Park reflects our commitment to assist businesses in the food and beverage sector to flourish – and create jobs,” Mr Bignell said.
“I would like to thank the management team at Parafield Airport Limited for the work they have done on this project. Both sides worked hard on the proposal, but in the end the companies we have been talking to found the site at Edinburgh Parks more attractive.
“It’s fantastic interest in the Food Park is already strong – and negotiations for tenancy are underway with well-known and reputable companies.”
For more information on the Food Park Business Attraction Fund go to www.pir.sa.gov.au/foodpark.