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Entrepreneurs will be eligible for up to $30,000 funding under the Building Activation and Business Startup program agreed to by Adelaide City Council this week.

The scheme is different from the Renew Adelaide model – which arranges low-cost, short-term leases with the possibility of longer-term leases if the business is a success – because it subsidises the start-up costs of businesses accepting longer-term leases from the start.

The council has budgeted $200,000 for the scheme – funds which entrepreneurs will have to match – to occupy buildings that have been sitting idle and unused for years.

Similar grants schemes exist in Sydney and Melbourne.

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