NSW charts course beyond coal with Future Jobs and Investment Authority
The New South Wales government has unveiled the final model for its Future Jobs and Investment Authority – a new body designed to support a transition in the state’s coal-producing regions as global demand for coal declines and mine closures loom. Funded with A$27.3-million over four years through the 2025/26 state Budget, the authority will focus initially on the Hunter and Central West regions, before rolling out across the Illawarra and North West. It will also unlock more than A$100-million in funding previously held under the Royalties for Rejuvenation scheme, and be supported by a yearly contribution of A$22.5-million.
The New South Wales government has unveiled the final model for its Future Jobs and Investment Authority – a new body designed to support a transition in the state’s coal-producing regions as global demand for coal declines and mine closures loom.
Funded with A$27.3-million over four years through the 2025/26 state Budget, the authority will focus initially on the Hunter and Central West regions, before rolling out across the Illawarra and North West. It will also unlock more than A$100-million in funding previously held under the Royalties for Rejuvenation scheme, and be supported by a yearly contribution of A$22.5-million.
