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At a glance: NSW’s refreshed regional vision

: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.

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