$140 million to boost critical industries damaged by bushfires

$140 million to boost critical industries damaged by bushfires

The NSW Government announced a $140 million Bushfire Industry Recovery Package to support forestry, horticulture and agriculture industries impacted by the recent bushfires.

NSW Premier Gladys Berejiklian and Deputy NSW Premier and Minister responsible for Disaster Recovery John Barilaro said the package will help industries significantly impacted by bushfires to rebuild, recover, regrow and remain the heartbeat of regional economies.

“This funding will support the recovery and resilience of key industries by backing projects that retain and create jobs, strengthen local supply chains and support a return to production,” Ms Berejiklian said.

“Regional NSW relies on these key driver industries to help generate jobs and economic activity and this funding will provide the direct help many businesses need to recover from devastating losses, which in turn will help their wider industry remain viable.”

Mr Barilaro said regional NSW is the backbone of this state and it is critical to support the key regional industries which keep our economy thriving.

“Our farmers feed this state and this nation, and not only have they endured the worst drought on record, but many have suffered horrific bushfires and now COVID-19 is affecting our regional economies,” Mr Barilaro said.

“Bushfire impacted towns cannot afford to suffer further job losses and economic downturn, which is why we are delivering this funding to keep our key regional industries in business.

“Industries with the greatest impact will be given the greatest share of this funding. The program will focus on recovery in the short term and will support valuable investments to help these sectors plan for recovery in the longer term.”

Details of funding criteria including amounts available for businesses under this package will be made available with the release of program guidelines in the coming weeks.

Other bushfire support measures include the NSW and Australian governments sharing the cost for the clean-up of residential and small business properties, the NSW Government’s $1 billion fund to replace vital state infrastructure, $75,000 grants for bushfire affected primary producers and $50,000 grants for bushfire affected small businesses.

Source: NSW Government