Regional job creation fund turbocharges businesses
Businesses can now apply for Round Two of the NSW Government’s $140 million Regional Job Creation Fund, which is set to create at least 2000 new jobs in regional NSW over a three-year period.
Deputy Premier and Minister for Regional NSW Paul Toole today announced applications were open for a share of $40 million available in Round Two.
“The $100 million Round One of the Regional Job Creation Fund provided funding to help businesses expand, attract investment, and relocate to regional NSW, supporting more than 100 regional projects and creating nearly 5,000 new jobs in key engine industries,” Mr Toole said.
“Round Two will continue to build on this support, and enable economic recovery across our agriculture, manufacturing, energy, tourism and resource industries, ensuring they continue to thrive now and into the future.”
Parliamentary Secretary to the Deputy Premier and for Regional Jobs Gurmesh Singh said the fund would help businesses expand production and provide incentives to move operations to the bush.
“Regional NSW is the engine room of the state and providing support to companies to expand their operations helps to stimulate regional economies, boost livelihoods and provide local employment,” Mr Singh said.
“This fund allows businesses to fast-track their growth plans, expand their operations and creates a solid base for job creation now and into the future.”
Grants will range from $100,000 to $5 million to help fund projects such as replacing plant equipment, upgrading technology and developing iconic tourism experiences.
Applications are open now until 9am Monday, 14 March 2022.
For information about eligibility criteria and program guidelines, go to: nsw.gov.au/RJCF.