Member Login

Call the Business Hotline 13 26 96

Good news for business and region in federal budget

Release Date: 3/04/2019
The Hunter Business Chamber has welcomed the announcement in Tuesday’s federal budget of much-needed road infrastructure for the Hunter, as well as initiatives that will encourage SMEs to invest, employ and grow.
Chamber CEO Bob Hawes said confirmation in the Budget of $1.6 billion to extend the M1 to Raymond Terrace would benefit the community and boost regional economic growth.  
“The commitment to funding for the M1 extension will hopefully strengthen the case for expediting the upgrade of the Tomago Road/Cabbage Tree Road link from Hexham to Williamtown to dual carriageway, as well as any necessary upgrades to the link road from the end of the Inner City Bypass at Sandgate to the M1,” Mr Hawes said.
“Improved access to Newcastle Airport and the Port of Newcastle is imperative to realising the region’s potential as a global gateway for NSW. Upgrading of link roads to these assets will support their growth, boost tourism and trade opportunities and improve connectivity and safety.
“We also welcome the additional funding for Bucketts Way, Clarence Town Road and the Tenterfield to Newcastle corridor. Improving connectivity to our rural towns helps stimulate business and the funding is an acknowledgement by the federal government of the challenges regional and rural councils face in maintaining road infrastructure.
Mr Hawes said the budget brought good news for SMEs in the Hunter as well, with tax breaks, an expansion of instant asset write-off program, extra funding to help businesses break into export markets and increased incentives for employers taking on apprentices.
“The apprenticeship package is particularly important in this region, where skills shortages are constantly reported by local business as a constraint to growth,” Mr Hawes said.
“We were also pleased to see additional funding for equity-based STEM programs, which will enhance this region’s already strong focus on STEM education.”
NSW Business Chamber CEO Stephen Cartwright said it was pleasing to see the Government adopt a number of suggestions put forward by the Chamber in its pre-Budget submission. 
For more on the budget’s business initiatives, see the NSW Business Chamber media release.

Leave message Subscribe

 Security code
Terms and Conditions  |   Privacy  |  Contact  |  Site map