To create more and better paying jobs
Backing regional communities
Supporting regional communities to take control of their economic futures
The Government is delivering on its commitment to ensure the benefits of Australia’s economic growth are shared broadly across the country with further investment in infrastructure across our regions.
The Productivity Commission’s initial report on Transitioning Regional Economies has highlighted the economic differences across regional Australia. While there has been jobs growth in 80 per cent of regions, others are at risk of being left behind.
To help make our regions more resilient the Government is investing in modern infrastructure that can make a real difference to local regional economies.
The Regional Investment Corporation will be established to streamline the delivery of $4 billion in concessional loans, including the $2 billion National Water Infrastructure Loan Facility. These loans will help secure growth, investment and resilience in rural and regional communities.
The Regional Growth Fund will invest $472 million in regional infrastructure projects that back our communities’ plans to grow their local economies and adapt to the changes taking place through globalisation and technological change.
One of the largest investments ever seen in regional Australia, Melbourne to Brisbane Inland Rail, will commence in 2017–18. The Government will provide an extra $8.4 billion to the Australian Rail Track Corporation to deliver Inland Rail.
The Government’s new commitments to regional growth extend the success of existing programs following the $298 million investment in the Building Better Regions Fund and the $220 million investment in the Regional Jobs and Investment Package. These initiatives will complement the Government’s City Deals with recently signed deals for Launceston and Townsville.
Broadening the range of skills and delivering job opportunities will ensure our regions grow and prosper. The Government is investing more than $33 million in a series of measures to ensure workers can access the skills training and services they need. These include $24 million for Rural and Regional Enterprise Scholarships and $9.1 million for access to telehealth psychological services.
As a direct employer, the Government will promote confidence in regional Australia by exploring opportunities to decentralise suitable Commonwealth agencies over the course of 2017.
Resilient and productive workforce