There are now even more reasons to do business in a Special Activation Precinct, with the NSW Government's $250 million Jobs Plus Program and the $100 million Regional Job Creation Fund both open now.
The programs aim to support existing businesses in regional NSW and attract local and international companies looking to start or expand business operations in NSW, including in Special Activation Precincts.
About the Jobs Plus Program
To turbocharge private sector investment in NSW and accelerate job creation, eligible businesses will have access to a wide variety of assistance measures, including:
- Jobs Plus Concierge Service to help businesses efficiently navigate and access government agencies and programs
- payroll tax relief for up to four years for every new job created where a business has created at least 30 net new jobs by June 2024
- subsidised training programs to build specialised skills to create and sustain the jobs of the future
- infrastructure rebates to subsidise the cost of a new or expanding business, to connect to shared infrastructure or to build new infrastructure to support business needs
- short-term access to subsidised government accommodation and spaces
- assistance with NSW planning approvals.
About the Regional Job Creation Fund
The $100 million Regional Job Creation Fund supports existing businesses in regional NSW to grow and encourages interstate or overseas businesses to invest in regional NSW.
The fund supports regional investment and job creation by offering up to $10 million in co-funding to activate or bring forward regional projects in engine, enabling or emerging engine industries. Examples of eligible projects could include the:
- replacement, upgrade or adaptation of plant and equipment at an existing regional NSW business
- establishment of an additional production line for an existing regional NSW business
- onshoring of activity currently done overseas to a regional NSW location
- development of new regional tourism experiences and visitor attractions
- relocation of a business operation from out of state to regional NSW.
The Regional Job Creation Fund's focus is to co-fund projects creating at least five sustainable regional jobs. Applicants must provide a minimum 50% cash co-contribution to the project and the NSW Government contribution will be no more than $20,000 per new job created through the project.
Applications for the fund are open until 14 May 2021.
For more information, visit: investregional.nsw.gov.au/investment-support/regional-job-creation-fund/