Small businesses will have access to $100 million of taxpayer money to help them grow under a re-elected Morrison government keen to boost investment.
The seed funding to provide so-called 'patient capital' - where an investor doesn't expect to turn a quick profit - is part of a focus on small business for Prime Minister Scott Morrison as he moves his election pitch to Adelaide for the first time.
The coalition has promised it will kickstart a new Australian business growth fund with the initial injection of capital.
The government said it would encourage the establishment of such a fund back in November and now it's stumping up $10 million cash too, with the expectation that banks and superannuation funds will also contribute.
"We're backing all those Australians trying to make their small businesses into bigger businesses," Mr Morrison said on Tuesday.
"This is for those businesses like a local brewery or restaurant that wants to expand interstate or even overseas, or maybe a family owned construction company wanting to grow so they can meet demand."
Over the past six months, the government has been working with a number of banks and other financial institutions and Mr Morrison, Treasurer Josh Frydenberg and Small Business Minister Michaelia Cash say they are confident the fund will gain the private sector support "needed to bring it life".
The fund will be administered by an independent board and chair appointed by shareholders - who would be the government and banks to start with.
It's expected to mature to $1 billion over three to five years and be able to help between 30 and 50 businesses each year.
Mr Morrison will also promise on Tuesday his government can create 250,000 new small businesses over the next five years.
This is the same time frame in which he has previously said the coalition's oversight of a strongly growing economy would create 1.25 million jobs.
On Monday, the coalition committed $5 million for grants to migrants wanting to start a new business.
The coalition has its sights set on returning the South Australian seat of Mayo to the fold after Centre Alliance MP Rebekha Sharkie won it in 2016.
It also faces a battle to retain Boothby, which Nicolle Flint now holds with a notional 2.7 point margin after a redistribution.
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