Business confidence in regional NSW best in a decade

Media release | 28 July 2017

Small and medium sized businesses in regional NSW are more confident about their future than at any point in the last nine years, according to the new Sensis Business Index.

Deputy Premier and Minister for Regional NSW and Small Business John Barilaro said the results showed the Government’s investment in regional NSW is paying off.

“These fantastic results show there’s never been a better time to be in business or to start a business in the regions,” Mr Barilaro said.

“The latest Sensis Business Index shows confidence among businesses in regional NSW is up 36 points, soaring to its highest level in almost a decade.

“It shows business in regional NSW is positive on all indicators with business owners expecting improved sales and profitability over the next quarter,” he said.

Mr Barilaro said a strong and confident regional business environment means more jobs and economic growth for regional communities.

“This is just the latest in a long list of economic data showing NSW is outperforming all other States,” Mr Barilaro said.

The recent Commsec report showed NSW is one of the strongest performers in the nation on every single measure, ahead of any other State.

NSW is the prime place to start and run a small business and this is made obvious by the growth and success of the more than 710,000 small business owners in NSW,” he said.

“The NSW Government has a strong track record in supporting small businesses, and we want NSW to be the number one State for entrepreneurs and start-ups as well.

“Our Easy to Do Business initiative is slashing the time it takes to set up a cafĂ©, restaurant or small bar with the 30 phone numbers and 48 paper forms reduced to just one phone number and one online form.

“We committed $7.5 million to our Business Connect small business advisory services in the 2017/18 Budget.

“Business Connect provides a network of local and specialist advisors across NSW, providing mobile, independent and face-to-face business advice and 70 per cent of services are aimed at regional businesses,” he said.

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