The $12 million South-East South Australia Innovation and Investment Fund (SESAIIF) has been launched by the Federal Government.

 

The joint initiative between the Federal and South Australian governments is aimed at advocating investment and generating long-term employment in manufacturing in the South-East of the state after the restructuring of Kimberly-Clark’s Millicent Mill claimed 205 part-time and full-time jobs.

 

The $12 million SESAIIF program is part of a $17 million package which includes up to $5 million for a labour adjustment program for Kimberly-Clark displaced workers that involves skill assessment and re-skilling workers following the restructuring.

 

"Through SE SAIIF grants, we will invest in projects that will lead to the creation of high-value, high-skill jobs in the south-east region. This will strengthen the region’s manufacturing and service capacity and minimise unemployment.” Innovation Minister Senator Kim Carr said.

 

Businesses looking to apply for funding can also attend information sessions in the state. More information on these sessions will be provided through the local media.

 

The Fund will be available over the 2011-12 to 2012-13 financial years. Applications close 5.30pm AEST 12 August 2011.

 

Application forms and further information can be found here