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Funds unlocked in Regional NSW
The NSW Government will invest to activate new and emerging industries, drive high value jobs and help the regions reach their economic potential.
The NSW Government will put more than $100 million on the table to co-invest in game-changing projects that turbocharge priority industries or locations in the regions.
“Our Government has a big, bold vision for regional NSW - and this fund is about helping bring that vision to life”,
said Paul Lawrence Toole, Deputy Premier and Minister for Regional NSW government.
He has also declared that the Regional Investment Activation Fund was aimed at making regional NSW the location of choice for private sector investment.
This grant funding aims to:
- Drive increased productivity, innovation and business competitiveness in regional NSW
- Activate new industries
- Promote industry cluster developments
- Deliver new and sustainable employment opportunities.
The $110 million fund consists of two streams.
Stream One is an open, competitive grants program with a two-stage application and assessment process. Eligible applications will be assessed on their comparative merits against the nominated eligibility and assessment criteria. And Stream Two, an open, non-competitive grants program where applicants can contact the Department to apply for funding. Stream Two aims to provide increased flexibility to secure investments that are time-sensitive and strategically significant for a priority industry or location.
Projects must be based in regional NSW, and support sustainable employment opportunities.
Paul Lawrence Toole said:
“It will be open to expressions of interest from investors across Australia and around the world interested in expanding or setting up in regional NSW.”
“The NSW Government’s unprecedented investment is making regional NSW the location of choice for investors both here and around the world”.
Source: NSW Government
