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NSW Future Industries Investment Program
The Program is aimed at increasing productivity in the NSW economy and maximising the benefits of investments across NSW.
The NSW Future Industries Investment Program from Investment NSW will focus on attracting and growing innovative, high-growth businesses in priority industries and at driving productivity growth in emerging high-value technologies, such as digital technology, medical technology and the clean economy.
About the program
Up to $30 million will be available in grant funding under the Program. For projects located in the Western Parkland City, an additional $4.75 million is available in grant funding from the Western Sydney Investment Attraction Fund.
There will be no cap on maximum funding available for individual projects. However, all projects will be required to fund at least 50 per cent of their total project costs.
The NSW Future Industries Investment Program will provide rebates for eligible expenses to businesses investing in NSW-based projects that boost the productivity of the NSW economy. This will include businesses that are seeking to expand or develop NSW operations and align with the priorities outlined in the NSW Industry Development Framework. The NSW Future Industries Investment Program is a competitive grant program that will assess and rank applications according to their relative benefit to New South Wales.
Western Sydney Investment Attraction Fund (WSIAF)
The Western Sydney Investment Attraction Fund (WSIAF) is a $4.75 million grant program to attract and grow innovative, high-growth businesses in priority industries and drive productivity growth in the Western Parkland City. This includes the Local Government Areas of Blue Mountains, Camden, Campbelltown, Fairfield, Hawkesbury, Liverpool, Penrith, and Wollondilly. Once the WSIAF has exhausted its funding, remaining applications relating to Western Parkland City will be considered as part of the Future Industries Investment Program pool of applications according to their relative merits.
Types of Support
Applicants seeking assistance from the Program may be eligible for project expense rebates, paid to the applicant on audited accounts of pre-approved project expenses. To ensure maximum impact of the Program, the Department of Enterprise, Investment and Trade may seek to negotiate the types and quantum of support, and the components of any final support package will be at the discretion of the Minister.
NSW Future Industries Investment Program Guidelines
For more information about the Program and prior to submitting your eligibility application, please read the complete list of Eligibility Criteria outlined in the NSW Future Industries Investment Program Guidelines (PDF) 1.3 MB
Click here to learn more about key dates and how to apply.
Website: Investment NSW
