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NSW Future Industries Investment Program

The NSW Future Industries Investment Program (the Program) is aimed at increasing productivity in the NSW economy and maximising the benefits of investment across NSW. The Program will focus on attracting and growing innovative, high-growth businesses in priority industries and at driving productivity growth in emerging high-value technologies, such as digital technology, medical technology and the clean economy.

About the program

Up to $30 million will be available in grant funding under the Program. For projects located in the Western Parkland City, an additional $4.75 million is available in grant funding from the Western Sydney Investment Attraction Fund.

There will be no cap on maximum funding available for individual projects. However, all projects will be required to fund at least 50 per cent of their total project costs.

The NSW Future Industries Investment Program will provide rebates for eligible expenses to businesses investing in NSW-based projects that boost the productivity of the NSW economy. This will include businesses that are seeking to expand or develop NSW operations and align with the priorities outlined in the NSW Industry Development Framework. The NSW Future Industries Investment Program is a competitive grant program that will assess and rank applications according to their relative benefit to New South Wales.

Western Sydney Investment Attraction Fund (WSIAF)

The Western Sydney Investment Attraction Fund (WSIAF) is a $4.75 million grant program to attract and grow innovative, high-growth businesses in priority industries and drive productivity growth in the Western Parkland City. This includes the Local Government Areas of Blue Mountains, Camden, Campbelltown, Fairfield, Hawkesbury, Liverpool, Penrith, and Wollondilly. Once the WSIAF has exhausted its funding, remaining applications relating to Western Parkland City will be considered as part of the Future Industries Investment Program pool of applications according to their relative merits.

Types of Support

Applicants seeking assistance from the Program may be eligible for project expense rebates, paid to the applicant on audited accounts of pre-approved project expenses. To ensure maximum impact of the Program, the Department of Enterprise, Investment and Trade may seek to negotiate the types and quantum of support, and the components of any final support package will be at the discretion of the Minister.

NSW Future Industries Investment Program Guidelines

For more information about the Program and prior to submitting your eligibility application, please read the complete list of Eligibility Criteria outlined in the NSW Future Industries Investment Program Guidelines (PDF) 1.3 MB  

Key dates

The Program has a two-stage application process – first an eligibility application stage and then a detailed application stage.

At the eligibility application stage, all submitted applications will be assessed on eligibility for the Program. Applicants who meet eligibility requirements will be invited to submit a detailed application.


Eligibility Applications Open 9am (AEDT) Thursday 8 December 2022
Eligibility Applications Close 5pm (AEDT) Friday 13 January 2023
Applicants notified of eligibility assessment outcome and eligible applicants invited to submit a Detailed Application Friday 3 February 2023
Detailed Applications to be submitted Thursday 5pm (AEDT) 2 March 2023
Applicants notified of detailed assessment outcome Thursday 11 May 2023
Funding Agreement signing Friday 30 June 2023

Notification / project announcement

Confidential notification will occur as soon as possible after funding is approved.

Public announcement by the NSW Government may occur at any time after a grant is approved

How to apply

Prepare your Eligibility Application

Once you have confirmed that both your project and organisation are eligible, go to SmartyGrants to submit your Eligibility Application.

Submitting your Eligibility Application

Read through and complete the entire Eligibility Application form making sure to fill in each section. Submit your application by 5pm (AEDT) on Friday, 13 January 2023.

Submit your application

Resources

Detailed information about who can apply, the types of projects we fund, eligibility for funding, the assessment process and due dates can be found in the NSW Future Industries Investment Program Guidelines below:

Supporting documents for applicants

Enquiries or feedback

For enquiries regarding the Program, please call on +61 2 4908 4800 or visit https://www.investment.nsw.gov.au/contact-us/