The NSW Government has today launched a bold program to set aside a portion of coal mining royalties to ensure coal mining communities have a strong future for decades to come.
\nDeputy Premier John Barilaro announced the new fund in Breeza today and said the new Royalties for Rejuvenation fund will see $25 million set aside each year to ensure coal mining communities have the support they need to develop other industries in the long-term.
\n\u201cMake no mistake, coal mining has a strong future in this state, but to ensure stability for the long haul we are setting aside funds so those coal mining communities, which produce such a valuable resource for our state, can plan what their future looks like,\u201d Mr Barilaro said.
\n\u201cToday we are announcing a future fund, for future generations and future jobs, to ensure long-term prosperity in regional NSW.
\n\u201cThe NSW Government\u2019s Future of Coal Strategy is a roadmap for the coal industry in NSW, but we understand that mines have a lifespan, and we need to ensure coal mining communities keep quality high-paying jobs in their towns for the next generation and the generation after that.\u201d
\nNSW Treasurer Dominic Perrottet said the NSW Government recognises that the coal mining industry is the economic backbone of this state and in turn coal mining communities need certainty for their future.
\n\u201cHundreds of millions of dollars will be invested in these communities over coming years to ensure jobs and investment in our vital regional areas,\u201d Mr Perrottet said.
\n\u201cWe want to ensure mining towns continue to have highly skilled well-paid jobs in growth industries that will lock in their economic security long into the future, so young people have the opportunity to remain in the town where they grew up.\u201d
\nThis initiative follows the NSW Government\u2019s introduction of the highly successful Resources for Regions program in 2012 which has seen $345 million invested in local mining communities.<\/p>\n","protected":false},"excerpt":{"rendered":"
The NSW Government has today launched a bold program to set aside a portion of coal mining royalties to ensure coal mining communities have a strong future for decades to come. Deputy Premier John Barilaro announced the new fund in Breeza today and said the new Royalties for Rejuvenation fund will see $25 million set … Continue reading “ROYALTIES FOR REJUVENATION: FUNDING THE FUTURE FOR COAL MINING COMMUNITIES”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11101","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=11101"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11101\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=11101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=11101"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=11101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}