Business grants could boost Coast’s productivity

Parliamentary Secretary for the Central Coast Adam Crouch with Eastcoast Beverages GM Samuel Lentini

Businesses across the Central Coast could benefit from the State Government’s $100M Regional Job Creation Fund Round Three, which aims to enhance job opportunities, boost staff retention and grow and diversify business in regional NSW.

Parliamentary Secretary for the Central Coast and Member for Terrigal Adam Crouch said Expressions of Interest (EOI) are now open for applications which attract investment through co-funded projects and initiatives to support economic growth, productivity and diversity across the region.

“Businesses across the Central Coast contribute greatly to our economy and the Regional Job Creation Fund continues to support regional business by co-funding projects that drive investment, create jobs and boost economic growth,” Crouch said.

“On the Central Coast we have seen a number of businesses supported through this initiative including Eastcoast Beverages, Hawksbury Brewing, The Cordina Food Co. and Krumbled Foods.”

Deputy Premier and Minister for Regional NSW Paul Toole said previous rounds of the Regional Job Creation Fund provided $140M to close to 200 regional projects, enabling more than $360M of private investment into regional NSW and creating 6,500 new jobs in key industries.

“We’ve already seen the difference this fund is making to regional businesses right across the state – and now we want to build on that by opening Expressions of Interest (EOI) for our next round of funding,” he said.

Eligible businesses can apply for grants of between $100,000 and $10M for projects such as replacing plant equipment, upgrading technology and ensuring businesses that might otherwise have to relocate can remain operational in regional areas.

Expressions of Interest for Round Three of the Regional Job Creation Fund close 5pm on Monday, March 6.

Successful EOI applicants will be invited to submit detailed applications from May.

For further information about the Regional Job Creation Fund, including program guidelines and eligibility criteria, go to: www.nsw.gov.au/RJCF.

Source:
Media release, Jan 23
Parliamentary Secretary for the Central Coast Adam Crouch