News

$140 million funding for agribusiness and forestry amid COVID-19 downturn

Dominic Giannini27 April 2020
Red tractor on rural property.

The NSW Government has announced a $140 million industry survival fund for rural businesses. Photo: Kate Raymond.

The NSW Government has pumped an extra $140 million into the forestry, horticulture and agriculture industries impacted by the bushfires as part of a new recovery fund.

Bushfire recovery efforts are continuing throughout the Eden-Monaro and South Coast regions despite ongoing setbacks due to COVID-19 and its social distancing and isolation requirements.

The NSW Minister for Disaster Recovery – and Deputy Premier and state member for Monaro – John Barilaro said the package will help inject life into struggling rural industries that are suffering on multiple fronts.

“Communities in the Monaro are doing it tough, from drought to bushfires and now dealing with the impact of COVID-19,” said Mr Barilaro.

“Bushfire-impacted towns cannot afford to suffer further job losses and economic downturn, which is why we are delivering this funding to keep our key regional industries in business.

“Industries with the greatest impact will be given the greatest share of this funding. The program will focus on recovery in the short-term and will support valuable investments to help these sectors plan for recovery in the longer term.”

John Barilaro addressing media on grass outside building.

NSW Deputy Premier John Barilaro announcing the $140 million funding for the farming industry. Photo: John Barilaro Twitter.

NSW Premier Gladys Berejiklian said it is integral that businesses remain viable because farmers continue to feed the state and the nation throughout the COVID-19 pandemic.

“Regional NSW relies on these key driver industries to help generate jobs and economic activity, and this funding will provide the direct help many businesses need to recover from devastating losses, which in turn will help their wider industry remain viable,” she said.

The new package is in addition to the NSW Government’s $1 billion bushfire fund to replace vital state infrastructure, as well as $75,000 grants for bushfire-affected primary producers, and $50,000 grants for bushfire affected small businesses.

Debris and bushfire cleanup will also take a step forward in areas around Nerriga, in the Southern Tablelands, during the next month as work ramps up in the region.

Mr Barilaro says small businesses and residents in areas such as Corang, Oallen, Tomboye and Wog Wog will be contacted by teams from Laing O’Rourke – the company coordinating the bushfire clean-up – about their specific situation, including what to do if workers find personal belongings and what structures they want to be retained or removed.

“We have seen in other areas across the state that it takes around two days to clear debris on one property,” said Mr Barilaro. “However, it can take longer especially when there are hazardous materials such as asbestos.

“The faster we can clean up, the sooner communities can start rebuilding and get on with their lives. I hope that clearing away debris, so it is not a constant reminder, will help our region commence the healing process.”

Mr Barilaro added that the funding scheme ensures that insured owners will have more funds to devote to rebuilding and uninsured owners will not be left out of pocket.

Residents with questions about the bushfire clean-up in Eden-Monaro can call Laing O’Rourke’s information hub on 1800 007 539.

For a full list of all available bushfire support, visit the Service NSW website.

What's Your Opinion?

Top