Western Sydney Investment Attraction Fund

Support for Western Sydney Businesses

Under the $5 million Western Sydney Investment Attraction Fund innovative, fast-growing businesses in Western Sydney can apply for the following Jobs for NSW products.

Jobs for NSW has a dedicated team providing direct support to Western Sydney businesses, to find out more about our products phone 1300 JOB NSW (1300 562 679) or submit an online enquiry.

Funding products available for eligible businesses

AGL

Accelerating Growth Loans

Accelerating Growth Loans provide direct finance to emerging and fast-growth SMEs to accelerate their growth. Who can apply: SMEs that are creating jobs in metro Sydney, Newcastle or Wollongong. Support available: loans of $200,000 to $500,000

Accelerating Growth Loans are direct loans from Jobs for NSW for emerging fast-growth SMEs that are scaling quickly and creating jobs in NSW, but face barriers in accessing finance from traditional lenders.

Funding available

Direct loans ranging from $200,000 to $500,000 are available to eligible businesses at a fixed interest rate of 9.2% for the term of the loan.

Jobs for NSW does not require the loan to be secured by personal assets such as residential property. As part of the standard terms and conditions, Jobs for NSW will place a general security over the current and future assets of the business.

Who is eligible

To apply for an Accelerating Growth Loan, your business must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 10 additional FTE jobs within 2 years in metropolitan NSW (Sydney, Newcastle and Wollongong)
  • have been trading for a minimum of one year
  • be able to demonstrate future growth for at least one year, evidenced by secured future pipeline or contracts
  • be unable to obtain commercial finance.

Why choose an Accelerating Growth Loan?

With an Accelerating Growth Loan:

  • your business has access to funding when traditional lenders are unable to assist
  • your business can continue to grow with additional capital without requiring personal assets as security
  • there are no penalties for early repayment
  • there are no establishment fees.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the preliminary assessment form online. Eligible businesses will be invited to apply for an Accelerating Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679)

SGL

Strategic Growth Loans

Strategic Growth Loans provide direct finance to fast-growth SMEs across NSW to accelerate their growth. Who can apply: SMEs that are creating jobs in NSW. Support available: flexible loans of over $500,000 to $1,200,000

Strategic Growth Loans are flexible, direct loans for emerging and fast-growth SMEs that are scaling quickly and creating jobs, but face barriers in accessing finance from traditional lenders.

Funding available

Direct loans ranging from over $500,000 to $1,200,000 are available to businesses with flexibility in payment terms including the flexibility of multiple advances.

Loans are offered over a term of four (4) years and at an interest rate of 9.2%. Jobs for NSW does not require the loan to be secured by personal assets such as residential property. As part of the standard terms and conditions, Jobs for NSW will place a general security over the current and future assets of the business.

Who is eligible

To apply for a Strategic Growth Loan, your business must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 20 additional FTE jobs within three years in NSW
  • have been trading for a minimum of one year
  • be able to demonstrate future growth for at least one year, evidenced by future pipeline or contracts
  • be unable to obtain commercial finance.

Why choose a Strategic Growth Loan?

With a Strategic Growth Loan:

  • your business has access to funding when traditional lenders are unable to help
  • there are no penalties for early repayment
  • there are no establishment fees
  • your business can continue to grow through additional capital.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the preliminary assessment form online. Eligible businesses will be invited to apply for a Strategic Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

LG

Loan Guarantees

Loan Guarantees are available to help fast-growth SMEs across NSW to obtain the loan approvals needed to expand. Who can apply: SMEs that are expanding and creating jobs in NSW. Support available: loan guarantee of 50% (up to $5 million)

Loan Guarantees are offered in partnership with an Australian authorised financial institution. Jobs for NSW will act as a Guarantor for up to 50% of the loan (up to $5 million of the loan amount), for businesses who are unable to access the full quantum needed to enable business expansion.

Businesses can be located in both regional and metropolitan NSW.

Funding available

A Loan Guarantee will be offered under terms and conditions that meet the needs and objectives of the borrower, the partnering financial institution and Jobs for NSW to enable the business to create more jobs.

The terms and conditions of a Jobs for NSW Loan Guarantee are:

  • we will guarantee up to 50% of the amount lent to the business by a financial institution (up to $5 million of the loan amount)
  • the guarantee term is typically two to five years
  • repayment arrangements will be negotiated taking into account the proposed transaction, the financial stability of the business and the purpose of the loan.

Who is eligible

Loan Guarantees are available to fast-growing SMEs creating jobs in NSW that require capital to fund further expansion.

To be eligible for a Loan Guarantee, businesses must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 30 additional FTE jobs within 3 years in NSW
  • have an inability to access sufficient funds from the Lender to enable the business expansion.

What can a Loan Guarantee be used for?

Financial assistance from a Loan Guarantee may be used to expand operations through:

  • working capital
  • payroll
  • scaling of commercialised research and development
  • expanding production capacity
  • exports and establishing national and international headquarters (if the business headquarters and jobs are created within NSW).

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the preliminary assessment form online. Eligible businesses will be invited to apply for a Loan Guarantee. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

Support for Western Sydney businessesWho can apply?

Jobs for NSW defines Western Sydney businesses as those located in the area covered by the Western Sydney City Deal. This includes businesses in the following local government areas:

  • Blue Mountains
  • Camden
  • Campbelltown
  • Fairfield
  • Hawkesbury
  • Liverpool
  • Penrith
  • Wollondilly.

In order to be eligible for Jobs for NSW loans and loan guarantee products, the business

  • must be scaling and reaching a market beyond NSW
  • creating a minimum of 10 additional FTE within two years in the Western Sydney region

This is in addition to other criteria such as being a scaling business, having an Australian ABN and being able to demonstrate loan serviceability.

Western Sydney Aerotropolis

NSW Government support for Western Sydney

Western Sydney is one of the fastest growing regions in Australia, with huge economic potential over the next 10 to 20 years. At the centre of this potential is a new city, with 200,000 new jobs supported by the construction of the new Western Sydney Airport, and the new $740 million health, research and education precinct in Liverpool.

The Western Sydney Investment Attraction Fund is a $5 million investment by the NSW Government that will supercharge fast-growing small to medium sized enterprises (SMEs) in Western Sydney and attract new high-value knowledge-based jobs and investment to the region.

This initiative supports the NSW Government’s longer-term plans for the region as outlined in the Western Sydney City Deal, the Greater Sydney Commission’s Western City District Plan, and the Western Sydney Aerotropolis.

Additionally, Jobs for NSW has launched a pilot program focused on the Westmead Precinct and Liverpool Health & Education Cluster to support accelerating high value knowledge job creation. Find out more about our pilot Cluster Programs.