Regional Drought Resilience Planning
It is estimated the recent drought reduced the NSW economy by around $12 billion in Gross State Product during 2018-2020. In response, over $4.5 billion has been committed to supporting regional communities in NSW, including large-scale water infrastructure projects, fee subsidies, support programs and low interest loans.
While many regional communities depend on strong primary industries as economic drivers, they also require regional businesses, community organisations and local government to plan for and be able to withstand the economic impacts of drought.
NSW’s Regional Drought Resilience Plans will pilot a broad economic development approach which recognises that drought is a regional development issue – impacting all aspects of communities, businesses, local government and agricultural industries.
This approach will be consistent with and complement existing NSW strategies, including:
- The Regional Economic Development Strategies
- The Regional Water Strategies
- The 20 Year Economic Vision for Regional NSW.
This program receives funding from the Australian Government’s Future Drought Fund.