Your best source on finance and banking news from Australia
Provided by AGPRelease date: 12/08/25
Assistance grants are more generous than those offered during the COVID pandemic, and have been turned around quickly, well within the 15 business days committed to by the Government.
The payments come as the State Government hosts an algal bloom community forum at Semaphore, the latest in a series of events to provide updates to affected communities.
Wildwater Jetski Tours at North Haven is one of the first small businesses to receive a $10,000 Small Business Support Grant.
In addition, under the Fisheries and Aquaculture Assistance Grant, the State Government is working closely to deliver significant support of up to $100,000 for fisheries and aquaculture license holders who have either been forced to close due to the presence of brevetoxins, or who have experienced a sustained reduction in catch.
Under this grant, four businesses are currently being assessed, with one already approved for payment of $50,000.
In addition to the grants, the government has assessed and approved fishing license fee relief to 35 different operators in the charter boat, marine scalefish and oyster industries.
To be eligible for the $10,000 Small Business Support Grants, businesses are required to demonstrate a 30 per cent decline in turnover.
Eligible businesses include:
In addition to the grants, the State Government is also providing financial counselling, mental health support and workforce advice to assist small businesses impacted by the harmful algal bloom to develop recovery and continuity plans, understand the short and long-term implications, and help manage financial and mental wellbeing.
Other measures being supported through the $28 million support package include:
Further details on the algal bloom, including details of business support, and attendance at community forums, visit algalbloom.sa.gov.au
When we announced business support grants just under a fortnight ago, we made clear we’d do everything in our power to see this support flowing quickly.
I’m pleased to report that $10,000 grants are now beginning to hit the bank accounts of businesses impacted by this algal bloom.
These payments are some of the most significant business supports in our state’s history, and eclipse the payments businesses were offered in previous disasters including the COVID pandemic.
I urge every South Australian to support our coastal communities.
Businesses that rely on a healthy marine environment have been particularly affected by the bloom and this support will provide much needed help.
We are firmly committed to supporting small businesses affected by the bloom as well as investing in the science and research we need build resilience to these types of events.
Our gulfs and other marine environments are fundamental to our cultural, economic and environmental wellbeing and we need to work together to restore them and build resilience to climate change.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.