Investment Attraction Package for Regional NSW

NSW Government has announced a new investment package which will attract skilled workers and interstate and global businesses to regional NSW.

The Investment Attraction Package for Regional NSW will create new jobs and investment in regional NSW by offering relocation assistance and financial incentives.

The new package includes:

  • Skills Relocation Assistance – $10 million in grants of up to $10,000 per eligible skilled worker to help meet the cost of moving from the city to the country, such as furniture removal and temporary accommodation for up to three months.

  • Regional Investment Attraction Fund – $20 million in grants and interest-free loans targeted at offsetting government levies and duties, such as payroll tax, to eligible businesses that want to invest and grow in regional NSW, which will lead to new jobs.

  • Investment concierge – supporting businesses investing in or moving to regional NSW, working with an appointed Regional Investment Coordinator to provide easy access to incentives, smooth the planning process, help lodge applications and liaise with government departments.

To read more about the plan or the original article visit NSW Government Website

Elliot Lee