Page 1900 - Week 07 - Tuesday, 2 June 2015
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Economic growth and diversification for Canberra
This budget invests in the growth of our economy.
I have no higher priority than making sure our economy grows and creates the jobs and opportunities Canberrans need to reach their potential.
A growing economy means the Government can deliver the services Canberrans depend on, and maintain the Canberra way of life we are all proud of.
This budget funds capital works to modernise the Territory and put in place the infrastructure this and future generations need.
The capital works program of $2.8 billion over four years is the largest ever by a Territory government.
This funding will progress transformational infrastructure such as new hospital and health facility construction, new schools and TAFE facilities, public and active transport projects, new roads and car parks and new court facilities, as well as a wide range of smaller suburban initiatives right across Canberra.
As well as providing important new facilities and infrastructure, this investment will sustain and create growth in the Territory.
Local businesses and residents also benefit from administrative and technological initiatives that will make it easier and quicker to do business with Government.
Access Canberra, which brings seven ACT Government agencies together and delivers shopfront and regulatory services through a single entry point, will invest in systems to boost private and public sector productivity.
Access Canberra means local businesses will spend less time dealing with ACT Government agencies and more time doing what they do best—building businesses and creating jobs.
We will also continue to work with the private sector to increase business innovation, trade development and investment.
Last week I unveiled the Government’s 2015 business development strategy, titled Confident and Business Ready: Building on Our Strengths.
This is a blueprint for how the Government will support and partner with the private sector.
We are creating a Local Industry Advocate, and starting the Small Business Innovation Partnership, to help local businesses engage and work with the Territory Government. And this budget funds two of the Strategy’s major initiatives—the CBR Innovation Fund and the CBR Trade and Investment Fund.
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