$110 million NSW regional industry fund announced

The NSW Government will invest $110 million to activate new and emerging industries, drive high value jobs and help the state’s regions reach their economic potential.

Deputy Premier and Minister for Regional NSW Paul Toole said the Regional Investment Activation Fund was aimed at making regional NSW the location of choice for private sector investment.

Toole said: “Our Government has a big, bold vision for regional NSW – and this fund is about helping bring that vision to life.

“We’re putting more than $100 million on the table to co-invest in game-changing projects that turbocharge priority industries or locations in the regions.

“It will be open to expressions of interest from investors across Australia and around the world interested in expanding or setting up in regional NSW.”

Toole said the fund would help activate the economic potential of the State’s Special Activation Precincts, Regional Job Precincts and other priority locations.

“The NSW Government’s unprecedented investment is making regional NSW the location of choice for investors both here and around the world.

“This fund will help support new and emerging industries where regional NSW has a competitive edge and put our communities in the box seat for the future.”

The Regional Investment Activation Fund will co-invest with eligible businesses in projects that aim to deliver, significant economic, social and/or environmental benefits for a priority industry or location.

Projects must be based in regional NSW, support sustainable employment opportunities and be completed by 30 May 2025.

Picture: Bisalloy manufactures wear-resistant and armour steel at Unanderra, NSW