NSW industry investment to return to the centre of government

NSW Premier Chris Minns has announced the transfer of Investment NSW to the Premier’s Department, with the aim of returning industry, innovation, trade and investment functions to the centre of government.

The NSW Government hopes this will make it easier for industry, investors and entrepreneurs to participate in major government priorities and ensure seamless coordination across government. It also brings management of unsolicited proposals back to central government.

The change will come into effect on 1 July 2024, subject to the approval of the Governor-in-Council, with Investment NSW and the Office of the Chief Scientist and Engineer to join the Premier’s Department.

“The changes announced today bring structure and better coordination to important portfolios which together ensure our trade and investment is at the centre of government,” the Premier said. “This is a government that is focused on opening up Sydney and NSW for business, boosting the economy and creating jobs in important sectors.”

“There are significant benefits to bringing Investment NSW and the Chief Scientist into the centre of government,” said Minister for Industry and Trade Anoulack Chanthivong. “Industry, innovation and trade are critical to driving the creation of quality jobs and a more resilient state economy.”

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