NSW Government Programs
The NSW Government offers a range of programs to assist business
The NSW Government offers a range of programs to assist business, aboriginal business development, innovation and research,regions, regional communities and science and research.
Download the latest Regional Industries Investment Fund Brochure
NSW Trade & Investment Funding Programs
REGIONAL INDUSTRIES INVESTMENT FUND (RIIF)
The RIIF has been established to drive economic growth in regional NSW and enhance the attractiveness of regional areas. Financial assistance is available for projects, across regional NSW, excluding the Greater Sydney Metropolitan area, that result in or promote economic outcomes for the State.
The RIIF aims to address barriers impeding investment and job creation for specific projects in regional locations. Support is available for investment projects that contribute to the creation of new jobs and productive capacity, or in special circumstances the retention of existing jobs in a regional location.
Economic infrastructure projects that are linked with employment generation investments and deliver industrial projects that have the potential to benefit more than one firm, can also be supported.
Further eligibility details for the RIIF program see: http://www.business.nsw.gov.au/invest-in-nsw/regional-nsw/regional-nsw-assistance-programs/regional-industries-investment-fund or the Regional Industries Investment Fund brochure.
RESOURCES FOR REGIONS
The objective of the program is to relieve infrastructure constraints and support NSW communities affected by the impacts of mining. Although this program is delivered by Infrastructure NSW, the Department has a key role in its promotion and management. For more information on this program and eligibility requirements visit: http://www.business.nsw.gov.au/assistance-and-support/grants/regional-programs/resources-for-regions
Innovate NSW connects technology SMEs and businesses in key sectors of the NSW economy to develop globally competitive business-to-business (B2B) solutions that address compelling needs. The program focuses on rapid development of business-driven solutions that use 'enabling technologies'.
Minimum Viable Product grants provide matched funding to assist technology SMEs to engage with a potential business customer to demonstrate an idea, prove a concept, develop a prototype or customise a B2B solution that addresses a high growth opportunity or challenge for a key sector.
TechVouchers can provide funding for technology SMEs to collaborate with a NSW research organisation to overcome a specific technical challenge or test a new technology.
Collaborative Solutions provides grants for technology SMEs to form consortia to develop, and pilot, an innovative B2B solution that addresses a high growth opportunity or challenge in a key sector.
For detailed information and guidelines visit: www.business.nsw.gov.au/innovatensw.
SCHEMES ADMINISTERED BY THE OFFICE OF STATE REVENUE
•Regional Relocation Grant provides eligible families with a one-off payment of $7,000 to assist with the cost of relocating from a metropolitan home to a home in regional NSW.
•Skilled Regional Relocation Incentive. From 1 January 2014 the NSW Government will introduce a new Skilled Regional Relocation Incentive of $10,000 to encourage more people to relocate to regional NSW for employment (including self-employment).
For information about the detailed changes to the Regional Relocation Grant and Skilled Regional Relocation Incentive refer to the OSR website after 1 January 2014. http://www.osr.nsw.gov.au/grants/rrg.
•Jobs Action Plan (Payroll Tax Rebate Scheme). This plan is designed to give NSW businesses the incentive to employ new workers and expand their enterprises in both metropolitan and non-metropolitan areas. The plan targets the creation of 100,000 new jobs in NSW from July 2011 - 40,000 of the new jobs will be prioritised for non-metropolitan areas of NSW.
Under the plan, businesses that increase the number of full-time equivalent (FTE) employees receive a payroll tax rebate following the employment of each additional employee in a position that is a new job. For eligibility and further information visit www.osr.nsw.gov.au/taxes/payroll/jap.