$100 MILLION NSW REGIONAL JOB-CREATION PUSH

By: Fabian Cotter


SUPPORT GRANTS of up to $10 million under a new NSW Government program designed to create more jobs across the state is open to businesses in the transport and tourism sector, a government spokesperson for Deputy Premier John Barilaro confirms.

$100 MILLION NSW REGIONAL JOB-CREATION PUSH
NSW Deputy Premier Barilaro says the Regional Job Creation Fund will provide grants between $100,000 and up to $10 million to undertake projects that create jobs.

Existing regional businesses can apply for funding, as can businesses located in metropolitan areas, interstate or overseas that want to establish operations in regional NSW.

For the purposes of this fund, regional NSW is defined as any area in NSW that is outside of Greater Metropolitan Sydney, Newcastle or Wollongong, the government clarifies.

The idea behind the plan is regional businesses that can increase employment by expanding production lines or relocate operations to regional NSW from interstate or overseas will have access to the grants.

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

"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," Deputy Premier Barilaro said.

"I have set an ambitious target for the Regional Job Creation Fund to create at least 5,000 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.

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"Regional NSW’s abundance of natural resources, its pool of skilled labour and the NSW Government’s record infrastructure spend is providing businesses and industry with everything they need to succeed."

Deputy Premier Barilaro says the Regional Job Creation Fund will provide grants between $100,000 and up to $10 million to undertake projects that create jobs, including those that:

- Replace, upgrade or adapt existing plant or equipment, including technology or energy efficiency upgrades;

- Enable existing regional NSW businesses to establish an additional production line;

- Relocate a business from interstate or internationally to regional NSW, or onshore an activity currently being undertaken overseas to regional NSW;

- Develop new tourism experiences and attractions to create new demand in a region.

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TRANSPORT AND TOURISM

When ABC magazine contacted the Deputy Premier’s office for further information, a spokesperson for the Deputy Premier said:

"The NSW Government’s $100 million Regional Job Creation Fund will help to create at least 5,000 new jobs across the next three years by supporting existing regional businesses and encouraging interstate and international business to invest in the regional NSW.

"The fund will assist businesses in key and engine industries including transport and logistics, agriculture, manufacturing, defence technology and medical, by co-funding projects providing businesses with the money they need to fast track expansion plans that will create jobs and stimulate local economies.

"Projects include the expansion or extension of existing buildings, facilities or production lines or the construction of new standalone buildings or facilities. Projects must create at least five new ongoing jobs.

"Existing regional businesses can apply for funding, as can businesses located in metropolitan areas, interstate or overseas that want to establish operations in regional NSW.

"For the purposes of this fund, regional NSW is defined as any area in NSW that is outside of Greater Metropolitan Sydney, Newcastle or Wollongong," they stated.

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CONTACT INFO

The NSW state government says it is encouraging, "…businesses to discuss their proposal with the Department of Regional NSW by contacting 1300 679 673."

For further information about the program guidelines and eligibility, visit www.nsw.gov.au/RCJFund or click https://www.investregional.nsw.gov.au/investment-support/regional-job-creation-fund/

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

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