$250M of Funding to Encourage Business into NSW

Today the NSW Government announced the new $250 Million Jobs Plus Program that will be part of the 2020-21 NSW Budget. The program is anticipated to create or support up to 25,000 jobs and will run from the 15th of December 2020 to the 30th of June 2022.

This program aims to encourage domestic and international businesses to establish or grow in NSW through a range of measures, including up to four years of Payroll Tax relief. To be eligible for the program, businesses will need to create at least 30 new net jobs.

The available support will include:

• Payroll tax relief, up to a four-year period, for every new job created where a business has created at least 30 new net jobs.
• Assistance with the NSW planning system, including fast-tracked planning approval pathways and advice, plus guidance on appropriate site selection to increase speed to market.
• Partnering to develop subsidised training programs in order to build specialised skills aimed at sustaining these new jobs into the future. This includes funding to develop and deliver bespoke skills programs which can be accessed by the wider NSW community.
• Providing enabling infrastructure such as building local roads, access to utilities and future-proofed digital infrastructure.
• Access to a one-stop-shop Jobs Plus Concierge Service in government to help businesses efficiently navigate and access government agencies and programs.
• Access to free or subsidised government spaces and accommodation.

“The challenges NSW has faced as a result of the triple crises of drought, bushfires and COVID-19 have given us an opportunity to change our approach and refocus on creating jobs for the future,” said NSW Premier Gladys Berejiklian. “NSW is the nation’s economic powerhouse and Jobs Plus will entice top-performing companies from interstate and across the globe to NSW, and cements this state as the best place to do business in Australia.”

Information on other available funding opportunities for businesses is available in the Business Grants area of our website.