NSW Regional Investment Activation Fund – Stream 1

This grant will deliver sustainable employment opportunities, activate new industries, promote cluster development, and drive increased productivity, innovation and competitiveness of businesses in regional NSW.  The $110 million Regional Investment Activation Fund (RIAF) will co-invest with eligible entities on catalytic projects that will deliver significant economic, social and/or environmental benefits for a priority industry or location. 

The objectives of the grant are to: 

• Support the growth of existing industries and the establishment of new/emerging industries where regional NSW has a strong actual or potential competitive advantage 
• Activate the economic potential of Special Activation Precincts, Regional Job Precincts, Renewable Energy Zones, hydrogen hubs and other priority locations through increased private sector investment 
• Create new high quality employment opportunities 
• Support the shift towards higher-value-added activities and participation in global value chains and supply chains 
• Promote collaboration between businesses, education and research institutions and other parties through sharing of knowledge, resources and infrastructure.