Friday 22nd Jan, 2021

NSW launches $100M regional job creation fund

Australia's bulk commodity shippers could be challenged by international competition. Photo: Shutterstock
Photo: Shutterstock

A new program designed to create more jobs across New South Wales will provide grants of up to $10 million to businesses that can increase employment by expanding production lines or relocating operations to regional areas.

Grants between $100,000 and up to $10 million can be provided to projects that create jobs, including those that replace, upgrade or adapt existing plant or equipment, including technology or energy efficiency upgrades, or enable existing regional NSW businesses to establish an additional production line.

Deputy Premier John Barilaro said the $100 million Regional Job Creation Fund will provide businesses with the money they need to fast track expansion plans, to create jobs and stimulate the local economy.

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“NSW businesses have demonstrated remarkable resilience in the face of drought, bushfires and COVID-19 and this unprecedented funding program will help them thrive instead of just survive,” Barilaro said.

“I have set an ambitious target for the Regional Job Creation Fund to create at least 5000 new direct jobs across regional NSW in the next three years by providing businesses with the equipment, infrastructure and capacity they need to create new opportunities and attract new customers.

“Regional NSW is the engine room of our state and this program will deliver immediate economic stimulus as businesses leverage new opportunities by providing work for tradies and suppliers.”

Applications are open now and will close on Friday 14 May 2021, or when program funding is fully allocated.