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Paved street lined with outdoor umbrellas and people sitting on chairs at tables underneath them at night, eating and enjoying each other's company. Outdoor globe lights hang in the street. A blackboard rests against a white picket fence in front of all the tables and chairs with the words "Leigh Street" and a detailed menu written beneath it.

Renewal SA’s recently commissioned economic impact study demonstrates that the introduction of a new Small Venue Licence in 2013 has not only re-energised Adelaide’s streets and laneways, but generated positive outcomes for the local economy.

Since the introduction of the new licence, 51 new small bars have opened in Adelaide’s CBD, generating an estimated 728 jobs and $49.3 million in economic activity.

With at least half of the 46 venue owners who took part in the study intending to invest more in their businesses by employing additional staff and undertaking building upgrades (worth more than $40,000 in the coming year), economic confidence in the sector continues to grow.

Renewal SA is contributing to this growth by supporting entrepreneurs through case management and City Makers grants. The result is a wave of new innovative venues, and a city where people want to live, work, invest and spend time.

Review the Small Venues’ Economic Impact Study final report in full – download here.

If you are interested in opening your own small venue, and want more information on how Renewal SA can help please contact us.

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