The NSW Government is enabling regional communities to attract investment, generate jobs, grow local economies and improve lifestyles through once in a lifetime funding under the Regional Growth Fund.
Since its creation in 2017, the Regional Growth Fund has invested in thousands of projects to improve amenity, activate economic growth, and respond to emerging regional needs. In 2021, the Fund has grown to include additional rounds of the Stronger Country Communities Fund and Resources for Regions, and the launch of new tourism and economic initiatives.
The NSW Government has already committed $1.8 billion in funds for over 2,100 projects. This record investment in our regions is supporting local businesses, improving the lifestyles of regional communities and helping them build resilience as they continue to tackle the hardest times.
Another $300 million for the Regional Growth Fund
The NSW Government has topped up the Regional Growth Fund by $300 million, taking the total investment to over $2 billion.
Having faced the worst drought and bushfires on record followed by the impacts of COVID-19 and floods, it has been a challenging time for the people living and working in our regions. The NSW Government’s continued investment aims to restore and grow regional communities and economies.
The cornerstone Regional Growth Fund programs are running again in 2021, including the Stronger Country Communities Fund and Resources for Regions. These programs have a track record of delivering new and improved community amenity right across regional NSW, with previous rounds showing demand is still high for more investment. The NSW Government has also launched the Regional Tourism Activation Fund and Regional Events Acceleration Fund to support increased tourism visitation and expenditure in regional NSW.
Delivering real results and helping communities thrive
The projects supported though the Regional Growth Fund are helping regional communities to be even more vibrant, modern places to live and work with access to essential services, modern amenities and job opportunities. The Regional Growth Fund is keeping businesses open, employees in jobs and money flowing through local economies.
The Regional Growth Fund has supported vital community projects that:
- develop new sports infrastructure
- create engaging community programs
- provide economic opportunities for mining communities
- strengthen the arts, culture and heritage of regional NSW
- improve mobile and broadband internet access
- spur local job creation and economic growth
- allow communities to rebuild and recover after the bushfires
- increase tourism to regional NSW.
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