Regional Growth Fund

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.

The NSW Government has already committed close to $2 billion in funds for over 2,700 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 $1.3 billion for the Regional Growth Fund

The NSW Government has topped up the Regional Growth Fund by $1.3 billion, taking the total investment to around $3.3 billion.

Having faced the worst floods, drought and bushfires on record alongside the impacts of COVID-19, 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 will run again in 2022. 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. Further programs as part of the Regional Growth Fund will be announced later in 2022.

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.

The NSW Government undertook a strategic review of the Regional Growth Fund to consider how effective it has been in supporting investment across regional NSW. The key findings of this review are outlined in the Regional Growth Fund strategic review summary brochure (PDF, 7.98 MB).