NSW Treasurer Daniel Mookhey’s state Budget this week will include the creation of a new Investment Delivery Authority and $80 million in new innovation funding to support startups.
The Investment Delivery Authority is modelled on the successful Housing Delivery Authority and will call for expressions of interest for innovation projects proposed for the state valued at more than $1 billion.
The new authority, which is clearly designed to remove friction from large-scale investments in digital infrastructure, was immediately welcomed by data centre companies, which have sought a simplified path through government planning systems.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.