Local business projects set to drive regional growth
Work will soon get underway on a number of innovative projects that will turbocharge job creation and stimulate regional economies, thanks to round two of the NSW Government’s $40 million Regional Job Creation Fund.
Deputy Premier and Minister for Regional NSW Paul Toole said the second round of the Regional Job Creation Fund will see funding for projects including beehive manufacturing in Blayney, upgrades to a goat meat processing facility in Bourke, and a Mine Truck Simulator in Muswellbrook to promote driver training and education for Indigenous people and youth.
Speaking in Hay, Mr Toole said the NSW Government is committed to co-funding regional projects and businesses to speed up or expand operations, enable emerging industries, and help interstate and international businesses relocate their operations to regional NSW.
“There have been three successful applicants in Murray worth more than $2 million. This will see more than 100 local jobs created at Unsurpassed Australian Grown Bio Nutrients in Hay, Scentral Flavors and Fragrance in Moama and The Vinegar Factory in Yenda,” Mr Toole said.
“The Regional Job Creation Fund continues to attract new investment from businesses and enables economic recovery across agriculture and manufacturing industries and ensure they continue to thrive now and into the future.”
“The projects to be delivered under Round Two are prime examples of what the Regional Job Creation Fund was designed to deliver, and I’m thrilled to support these companies in expanding operations and creating new jobs that will support economic growth in our regions.”
Mr Toole said the NSW Government’s $140 million Regional Job Creation Fund is on track to create more than 6,500 new direct jobs in regional areas across the state.
“This fund is turbocharging job creation by helping businesses fast-track their growth plans, supporting them to purchase equipment or extend their premises today, instead of in the future, and providing work for job seekers, local tradies and suppliers.
“Setting businesses up for success means they can attract new customers, which means jobs for more people and earning a wage that they will spend in local shops, supporting local retail workers as well as their suppliers.”
Under the Regional Job Creation Fund, eligible businesses could apply for grants to support the purchase of new equipment, expand facilities, create new iconic tourist experiences and visitor attractions or relocate businesses from out of state to regional NSW, which will lead to the creation of new jobs.
An additional $100 million for the Regional Job Creation Fund was included in the 2022/23 Budget. Further details will be available later in 2022.