Wednesday, July 6, 2022

$2.8 billion Economic Recovery Strategy to help families, businesses in NSW

Families, individuals and businesses across NSW will benefit from a targeted $2.8 billion package developed to accelerate recovery following the three month lockdown due to the Delta COVID-19 outbreak.

The NSW Government’s Economic Recovery Strategy released today 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.

Premier Dominic Perrottet and Treasurer Matt Kean today revealed that as part of the package, households of school-aged children in 2021, will receive $250 in vouchers to stimulate spending and economic activity.

“One of the biggest challenges for so many families during lockdowns was learning from home, and now as life returns to normal we want to encourage people to get out and boost economic activity,” Mr Perrottet said.

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“In many senses this is a ‘Thank You’  that will go some small way towards helping family finances that took a big hit and at the same time supporting businesses and jobs.”

The $250 in vouchers will be available through Service NSW in early 2022. The vouchers will be available to households which had a school-aged child in 2021.

“This package will boost confidence, provide fresh opportunities and support NSW to return to a way of life we know and love,” Mr Kean said.

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The NSW Government’s Economic Recovery Strategy 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.
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