Labor Leader Luke Foley has pledged to establish a $4 billion fund to revitalise regional New South Wales. 

Mr  Foley said the Regional Jobs Fund would be established from the proceeds of the $4.1 billion the state received from the Snowy Hydro scheme. 

This was in line with a commitment to spend 100 per cent of funds in regional NSW. 

Mr Foley made the pledge while addressing the Labor Country Conference (see attached speech), after the crushing defeat of the Liberals in Wagga Wagga. 

Mr Foley said the Regional Jobs Fund would be guided by three principles: 

  • The creation of jobs and growth of industry in regional NSW; 
  • The decentralisation of population; 
  • The generation of new and renewable energy supplies; 

Mr Foley said the Fund would also look at the revitalisation of regional main streets. 

Mr Foley told the conference Labor’s plan was in stark contrast to the neglect of nearly 8 years of the Liberal and Nationals.

That time had been characterised by neglect and wrong priorities such as the $2.2 billion Sydney stadium splurge, Sydney light rail, and an appallingly managed WestConnex toll road.

Mr Foley also redoubled his commitment to rebuild TAFE which under a Labor government will receive at least 70 per cent of vocational education and training funding.

A Foley Labor government will also introduce nurse to patient ratios that will increase the number of nurses in our regional hospitals. Mr Foley has recently completed a tour of regional NSW towns to promote the policy.

Labor also has a policy to tackle the ice scourge that is blighting the regions, with the establishment of four specialised clinics in regional towns to rehabilitate addicts.

Quotes attributable to NSW Opposition Leader Luke Foley

“Unlike the Liberal National Government which puts Sydney stadiums before schools and hospitals, Labor has a plan for revitalising regional New South Wales. At the top of our list is jobs.

“A decent, secure job is the right of every citizen – a Labor Party belief.

“Labor will spend the entire $4.1 billion New South Wales has received from the transfer of the Snowy Hydro Corporation to the Commonwealth in regional New South Wales.

“Labor will use these proceeds to establish a Regional Jobs Fund that will be spent on projects that leave a lasting legacy in rural and regional communities.”