The Investment Attraction Package aims to create new jobs and investment in regional NSW through three new incentives.
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.
As part of the package, Special Activation Precincts’ or business hubs will be created.
They will offer infrastructure and streamlined planning processes for the industries and sectors responsible for driving growth in the regions.
The first Special Activation Precinct in Parkes was announced in June 2018 and will serve as an inland port.
Read more about the Regional NSW Investment Attraction Package here.