NSW GOVERNMENT BACKING SMALL BUSINESSES WITH NEW LOANS
Small businesses in Barwon are set to benefit from the NSW Government-backed Jobs for NSW which will target small and medium sized businesses across NSW with a suite of new loan products to help those businesses grow and create jobs. The loans will address the barriers that NSW businesses face in getting access to finance. This is a case of the NSW Government providing funding where traditional lenders are unable to assist because the businesses in question don’t have a sufficient trading history or inadequate security for a loan. All loans will be conditional on projects meeting agreed job creation targets within certain timeframes depending on the size of the loan.
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The three loan products include:
· Regional Growth Loan (RGL) – will target job creation in regional NSW in fast- growth SMEs that can demonstrate revenue over $500,000 and future growth demonstrated via secured contracts, and will take the form of $200,000-$500,000 interest free loans for four years.
· Accelerating Growth Loan (AGL) – will target job creation in metropolitan Sydney, Wollongong and Newcastle in fast-growth SMEs that can demonstrate revenue over $500,000 and future growth demonstrated via secured contracts. Loans of $200,000-$500,000 are available at 9.2% interest for up to three years.
· Strategic Growth Loan (SGL) – will target job creation in fast-growth SMEs across NSW that can demonstrate revenue over $1 million and future growth demonstrated via secure contracts. Loans will be between $500,000 and up to $1.2 million over four years at 9.2% interest.
NATIVE VEGETATION MANAGEMENT
August 25 saw changes to the Local Land Services Act 2013 and the introduction of the Biodiversity Conservation Act 2016. The NSW Government has provided Local Land Services with extra resources and staff through the newly created Sustainable Land Management (SLM) team to assist in the implementation of these changes. Staff will work with land owners across the Barwon electorate to make sure they understand their responsibilities under the respective acts and are able to meet their native vegetation management needs. Staff can also provide tailored advice on applying the new allowable activities, accessing incentives for protecting native vegetation and where required navigating approvals for clearing through the Land Management (Native Vegetation) Code.
The new approach strives to deliver triple bottom line outcomes for land owners by: Providing certainty and long term planning solutions that deliver balanced growth and value environmental assets. Supporting land owners with advice, new tools and products to make the right choice for their farm system. Creating more land use options through the introduction of flexible codes. Over the coming weeks, LLS will be hosting a series of information sessions focusing on the new framework and how it applies to land owners.
These sessions will be held at the following locations:
- Coonabarabran Bowling club, September 21 9am
- Nyngan RSL, October 10, 9am
- Coonamble RSL, October 11, 9am
- Condobolin RSL, October 18, 9am
- Coolah Sporting Club, October 24, 9am
OUT AND ABOUT
Parliament continues this week so I will spend much of the week in Sydney.
THUMBS UP
Congratulations to the following six outstanding nurses from Broken Hill in Far West NSW and Bourke who were honoured at the fifth annual NSW Health Excellence in Nursing and Midwifery Awards - Bailey Stubing, Scott Gordon, Scarlett Pollet, Danielle Toigo, Judith Nancarrow and Sasha Carlaw.
