Massive NSW COVID Rebuild Package

The NSW Government has announced a massive $2.8 billion stimulus package designed to get the economy up and running after the recent three-month lockdown due to the Delta COVID-19 outbreak.

The NSW Government’s Economic Recovery Strategy includes funding to stimulate economic activity in cities and regions with a strong focus on rebuilding and supporting businesses, helping the hip pocket and boosting jobs.

The NSW Government’s Economic Recovery Strategy also includes:

• $500 million to restore consumer and business confidence, including the expansion of Dine & Discover and Stay & Rediscover accommodation vouchers;
• $250 million to support jobs and skills, including help for job seekers to retrain or upskill;
• $212.2 million to boost vital sectors, including additional funding for the performing arts sector, an Alfresco Restart Package, and support to bring our cities back to life;
• $200 million to boost regional NSW, including support for events, facilities and local
• infrastructure, and housing; and
• $75 million to boost communities across the state, including support for tourism, events,
• sport and recreation.

The strategy also assists those most impacted during lockdown including:

• $739.3 million in household and social support, including housing support for vulnerable Aboriginal communities, expansion of solar rebates, support measures for victims of domestic and family violence, and vouchers to parents who have facilitated home learning for their children;
• $495 million in education support to address learning gaps for children in need and to help schools adapt to future possible learning disruptions; and
• $130 million for a mental health recovery package to provide immediate access to help for anyone whose mental health has been impacted by the COVID-19 pandemic.

The 24 Hour Economy Commissioner will take on the additional role of NSW COVID-19 Recovery Commissioner to oversee the implementation of the Economic Recovery Strategy. For more information and to view the full strategy visit: https://www.nsw.gov.au/covid-19/economic-recovery-strategy

• Topics:

• Covid-19
• Government Grants / Funding
• Local Business / Economy