The Investment Attraction Package for Regional NSW will create new jobs and investment in regional NSW by offering relocation assistance and financial incentives.
The new package includes:
- Skills Relocation Assistance – $10 million in grants of up to $10,000 per eligible skilled worker to help meet the cost of moving from the city to the country, such as furniture removal and temporary accommodation for up to three months.
- Regional Investment Attraction Fund – $20 million in grants and interest-free loans targeted at offsetting government levies and duties, such as payroll tax, to eligible businesses that want to invest and grow in regional NSW, which will lead to new jobs.
- Investment concierge – supporting businesses investing in or moving to regional NSW, working with an appointed Regional Investment Coordinator to provide easy access to incentives, smooth the planning process, help lodge applications and liaise with government departments.
As part of the package, Special Activation Precincts’ or business hubs will be created. They will offer infrastructure and streamlined planning processes for the industries and sectors responsible for driving growth in the regions.
The first Special Activation Precinct in Parkes will serve as an inland port. It will bring regional suppliers closer to their customers and create new jobs.
Deputy Premier and Minister for Regional NSW John Barilaro said the package is a massive boost for businesses and job seekers in regional NSW.
“Securing investment in regional NSW is about bringing more businesses to the regions, supporting businesses already in regions and helping them all to be successful, because success means more jobs and a better future for those towns,” Mr Barilaro said.
“With the entire state in drought it is more important than ever to keep money flowing through regional economies and bring new businesses and skilled workers to towns means more customers for local suppliers, retailers, restaurants and cafes as well as opportunities to welcome new friends and enjoy diverse cultures”.