The Minns Labor Government is delivering on its commitment to modernise and grow the state’s agricultural industries by supporting a $105.5 million investment in fourteen innovative projects to help boost local jobs, regional economies and increase productivity across the agriculture sector.
The NSW Government is investing $28 million through the Agriculture Industries Innovation and Growth Program while the funding recipients will contribute $77.5 million, bringing the total investment to over $100 million.
The co-investment model multiplies the impact of government funding, attracting significant private capital into regional economies. It will enable businesses to access more export opportunities to stay competitive, driving wider flow-on benefits for local businesses and regional communities.
The funding will enable businesses to adopt new technology and upgrade equipment to support more efficient and sustainable production.
There is $1.4 million for AWH Pty Ltd, Goulburn, to establish the Goulburn Wool Auction Innovation Hub, a first-of-kind, fully digital wool auction and handling facility which will shift a core component of Australia’s wool auction system from metropolitan-centred infrastructure toward a decentralised regional model.
The hub will better align auctions with wool production areas, improve supply-chain efficiency and provide a scalable model for industry.
