Up to $500M is available from Growing Local Economies to help organisations develop economically significant infrastructure to regional NSW.
Growing Local Economies
Growing Local Economies provides funding to entities to undertake infrastructure projects of economic significance in regional NSW. Projects must demonstrate improved outcomes for regional communities, and where possible support local procurement, job creation and skills development.
As part of the NSW Government’s $1.3 billion Regional Growth Fund, funding will be made available through the Growing Local Economies fund over four years to turbocharge new regional economic opportunities and enliven local economies.
Growing Local Economies is designed to unlock growth in regional NSW by delivering the infrastructure that supports projects of economic significance. This could include road works, natural gas mains and pipelines, water supply, sewerage connections and telecommunications (including data networks). The program is expected to deliver long–term growth benefits.
$500 million is available to the Growing Local Economies Fund, as part of the four year $1.3 billion Regional Growth Fund.
Applications for Growing Local Economies funding must show how projects will improve economic outcomes for communities. Wherever possible, projects should support local procurement, job creation and skills development.
The Growing Local Economies fund is open to projects that:
- have the capacity to deliver jobs and economic growth
- help regional communities capitalise on their strengths or broaden and reposition their industry base
- demonstrate benefits beyond one organisation
- have a minimum project size of $1 million
- align with state and regional priorities and achieve Benefit to Cost Ratio greater than 1.0.
Funding will be available for projects in regional NSW outside Sydney, Newcastle and Wollongong.
Project applications are invited from:
- local government
- Aboriginal Land Councils and other Aboriginal and Torres Strait Islander groups
- infrastructure providers such as telecommunication firms
- incorporated associations including business, industry and community organisations
- educational institutions
- non–government organisations.
Applications open on an ongoing basis.