:A key finding in its ‘Vision Refresh’”, says the NSW Government, “is that all economies – international, national and local – need to be ready to respond to greater levels of economic and social uncertainty.
“The updated analysis reflects the unique challenges faced by regional communities from a changing climate, rising geopolitical tensions and the unknown long-term impacts of COVID-19.”
Emerging sectors: Advanced manufacturing, renewable energy and gas, and technology-enabled primary industries.
Future industries: Critical minerals – to meet technological demand, ecotourism, recycling and waste management, and high quality food products.
New investment areas: Visitor economy infrastructure, and affordable and accessible energy – to induce investment in manufacturing and other energy intensive industry, including support for domestic gas as well as continued support for renewable energy zones.
Fifty new priorities (emphasising): Common user infrastructure, digital connectivity, tourism, education and skills, and major place-based investments such as Special Activation Precincts and Renewable Energy Zones.
The NSW Government has listed eight guiding principles to drive it’s refreshed vision.
1: Affordable, reliable and fast mobile and internet connectivity to support people and businesses.
2: Improved travel between regional centres and from regional centres and international gateways.
3: Freight networks that will increase the competitiveness of key regional sectors.
4: Reliable accessible water and energy.
5: A skilled labour force for current and future needs of the regions.
6: Recognising each region’s strengths and underlying endowments.
7: Regulation and planning to promote commercial opportunities.
8: Sustainable economies and communities are better able to recover from shocks.
For a full rundown of the refreshed 20-year Economic Vision for Regional NSW go to https://www.nsw.gov.au/a-20-year-economic-vision-for-regional-nsw-refresh.