The Baird Government is short-changing regional NSW by delivering a 75 per cent cut in real funding to help grow new businesses and jobs.

Funding specifically allocated to the regions has been cut from $58 million to around $14 million a year under the Government’s new Jobs for NSW program.

Jobs for NSW replaces the State Investment Attraction Scheme (SIAS) and Regional Industries Investment Fund (RIIF) which between them made available a total of $58 million for regional development.

The new scheme will now offer $57 million over four years, or $14.25 million a year - a 75 per cent cut on the previous scheme.

Quotes attributable to Shadow Minister for Regional Development David Harris  

“How can the Baird Government talk about creating jobs in regional NSW when it has effectively cut funding that the regions can access by 75 per cent?”

“If you’re looking to start a business or have a bright idea that could create jobs in a regional area, the pool of money you’re able to access has effectively shrunk by three quarters.”

“That’s the reality of this Government’s approach to regional NSW where the number of people looking for work continues to rise under its watch.”