Up to $10M available to businesses for job creation

Wallet

Central Coast businesses which can increase employment by expanding production lines now have access to support grants of up to $10M under a new program designed to create more jobs across the state.

Deputy Premier John Barilaro said the $100M 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.

“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 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.

“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.”

Barilaro said the Regional Job Creation Fund will provide grants of between $100,000 and $10M to undertake 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.

Businesses wishing to relocate from interstate or internationally to regional NSW are also eligible.

Applications will close on Friday, May 14 or when program funding is fully allocated.

Source:
Media release, Oct 25
Deputy Premier John Barilaro

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