The Australian Government has announced a new $272.2 million Regional Growth Fund aimed at funding transformational projects which support long-term economic growth and create jobs in regions undergoing structural adjustment. The program will run over four years from 2018-19 to 2021-22.
Decentralisation and policies focussing on jobs and infrastructure for regional areas must form a significant part of the national strategy to combat the dire consequences of the unprecedented population growth in metropolitan cities over the next 30 years, says Regional Development Australia Central West Acting Chair, Reg Kidd.
If the business development enquiries we have received over the past month is anything to go on, 2018 may be a year of unprecedented economic development in the Central West. Domestic and international interest in investing in the region is increasing, especially in the ag-tech and ag-finance sectors.
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Regional Development Australia – Central West
Regional Development Australia Central West is a locally managed not-for-profit, part of the national network of 55 RDA Committees funded by the Australian Government, to promote economic development and a stronger NSW Central Western region. Our region extends from Lithgow in the east to Lake Cargelligo in the west and comprises the local government areas of Lithgow, Oberon, Bathurst, Blayney, Orange, Cabonne, Cowra, Parkes, Forbes, Weddin and Lachlan.
We acknowledge and respect the traditional owners and custodians of this region, the Wiradjuri people. We honour their cultural, spiritual, and emotional connection to this land & acknowledge the many other Aboriginal people from other nations and lands who have come to the Central West to live or visit.