Manufacturing News

$100 million fund boosts regional NSW jobs

$100 million fund boosts regional NSW jobs

The third round of the New South Wales state government’s Regional Job Creation Fund has opened for expressions of interest from eligible businesses. 

The fund will provide grants for regional businesses to expand their operations, and attract interstate and international businesses to relocate to regional NSW.

During a visit to Cape Byron Distillery at Byron Bay, deputy premier and minister for regional NSW Paul Toole said the grants would allow businesses to boost production lines, deliver new equipment and embrace future technologies to drive efficiencies and productivity.

“The Regional Job Creation Fund will create 6,500 jobs across key industries, and this new round will build on that by attracting additional advanced manufacturing capability to our regions,” he said.

Eligible businesses can apply for grants of between $100,000 and $10 million for projects such as replacing plant equipment, upgrading technology and ensuring businesses that might otherwise have to relocate can remain based in regional areas.

“We’ve already seen the difference this fund is making to regional businesses, including Cape Byron Distillery, which received $240,000 from the program to expand its production line and create 12 full-time jobs,” Toole added.

“It’s just one of nearly 200 businesses to benefit from this record investment in the previous two rounds, generating more than $360 million of private investment into regional NSW – and now we want to build on that by opening Expressions of Interest (EOI) for our next round of funding.”

Expressions of Interest for Round Three of the Regional Job Creation Fund opened on Friday, 13 January 2023 and close 5 pm Monday, 6 March 2023. Successful EOI applicants will be invited to submit detailed applications from May 2023.

“This Fund is doing exactly what it was designed to do – creating jobs in regional NSW that support the economic growth of our regions, and ensure business confidence from Bourke to Byron Bay,” Toole concluded.

For further information about the Regional Job Creation Fund, including program guidelines and eligibility criteria, go here.

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