Luxury $80m The Oscar hotel at Seppeltsfield Winery to share in $26.3m of financial assistance under Economic Recovery Fund

A $80m six-star luxury hotel is one of 17 projects to receive assistance under the first round of the state government’s Economic Recovery Fund.

An $80m six-star Barossa hotel is one of 17 South Australian projects to receive assistance under the first round of the state government’s Economic Recovery Fund.

More than $26m in grants and loans will help 17 businesses undertake projects worth a combined $219.2m.

Of the $26.3m in financial assistance, $11.5m has been allocated to assistance for regional tourism infrastructure development, while $14.8m is for manufacturing innovation projects.

Luxury hotel, “The Oscar”, at Seppeltsfield Winery – consisting of 71 rooms and a fine dining restaurant, lounge area, rooftop pool and terrace bar – has been awarded a $3.5m loan.

Other tourism projects to receive assistance included the $7.9m Kangaroo Island Seaview motel expansion, which was given a $1m grant, and the $4.35m Rawnsley Park Station EcoVilla Expansion, which was also given $1m.

Proposed design of Oscar Hotel at Seppeltsfield. Picture: Supplied

Successful manufacturing projects included Inovor Technologies’ $15.2m investment in space infrastructure for maritime surveillance, which received a $2m grant.

Other projects were awarded grants equalling up to half of the total project value, including AML3D’s grant of $1.1m for a $2.2m project, entX Limited’s grant of $1.9m for a $3.8m project, and George Street Steel’s grant of $460,300 for a $981,523 project.

The $122m Economic Recovery Fund, established in the 2022-23 budget, was designed to help businesses in key areas to grow jobs, improve productivity, increase exports and support new technologies.

Treasurer Stephen Mullighan said the government is “backing local businesses and helping them to grow”.

“The successful tourism projects including a new six star hotel in the Barossa will benefit South Australians by creating jobs and boosting our visitor economy,” he said.

“Manufacturing is vital to our state’s prosperity and it’s imperative we support businesses to expand, diversify and adapt so that they can continue to thrive as the global economy softens.”