1.1 Jobs and industry

Our economic prosperity depends on securing the jobs and industries of the future. Along with industry-enhancing infrastructure and increased funding for training, our innovation program ensures we can attract investment, inspire talent and take advantage of the technology our businesses need to grow.

Investment Delivery Authority

The Government is creating a new Investment Delivery Authority to fast-track proposals valued over $1.0 billion through our planning system and regulators. More than 45 projects worth around $100.0 billion in total are currently seeking approval, including renewable energy, data centres and logistics precincts.

Future jobs and investment

The $27.3 million Future Jobs and Investment Authority will coordinate new economic opportunities in coal-producing regions in the Hunter, Illawarra, Central West and North West.

The $12.5 million NSW Take-Off Fund will boost our tourism and export industries.

Primary industries and regional jobs

The Budget invests more than $140.0 million in protecting and growing primary industries through biosecurity enhancements, pest control, and additional funding for research and development.

• $100.0 million will sustain critical biosecurity functions.
• $41.2 million will enhance and modernise primary industries research and development.

The Government will defer up to $250.0 million of royalties on new critical minerals projects, enabling investment in regional areas and supporting the energy transition.

Innovation Blueprint

A $79.2 million package will cement New South Wales as the best place to innovate.

These Innovation Blueprint programs will help businesses and researchers leverage private investment and new technology to drive innovation and growth at scale.

• $20.0 million for the Emerging Technology Commercialisation Fund, including the continuation of the Biosciences Fund and Physical Sciences Fund, helping businesses commercialise research into marketable products and services.
• $6.0 million to establish an Innovative Manufacturing Adoption Fund, helping manufacturing businesses expand and adopt new technology.
• $6.0 million to continue the Minimum Viable Product Ventures Program, supporting businesses to commercialise innovative products.
• $4.0 million to establish the Diversity Pre-Accelerator Program to support founders from diverse backgrounds develop their business models and secure seed investment.
• $4.0 million will establish the Housing Innovation Network and Housing Construction Program to connect researchers, start-ups and industry, and promote new technologies that speed up housing construction.
• $700,000 for the extension of the National Space Industry Hub.

Tech Central Hub

• $38.5 million investment in Tech Central including the relocation of the Sydney Startup Hub and an enhanced collaboration hub at the centre of New South Wales’ innovation ecosystem.

A further $2.1 million will extend support for the Industry Capability Network.