A new grants program and campaign are set to be a drawcard for talented entrepreneurs to relocate to Newcastle.
Launched today, City of Newcastle’s ‘New Move’ initiative will offer up to 30 individuals $10,000 to make the move and invest in the region.
It is estimated the initiative could create up to 75 jobs and $25 million in local economic output.
Lord Mayor Nuatali Nelmes said it was an Australian first that would likely attract new skills and talent to the city through the incentive of a financial grant, while also raising awareness of Newcastle’s diverse economic opportunities.
“Newcastle is an economic hub driven by innovation and skills and we want to share this fact with all of Australia,” she stated.
“Attracting talented people as an economic stimulus strategy provides great value for money, with independent modelling showing that attracting 30 entrepreneurs to the city through New Move will help create new local jobs and millions of dollars in economic output.”
She added Newcastle was the perfect place for innovative people to create an impact.
“New Move and the 10,000 Reasons campaign promotes Newcastle as a safe, welcoming location for Australia’s top entrepreneurial talent,” she said.
“Newcastle is home to world-class education, healthcare and aerospace hubs, and an innovation ecosystem that supports start-ups.
“There’s no shortage of opportunities for talented and skilled people.
“Significant investments have recently been delivered that underpin Newcastle’s transformation, along with a pipeline of future city shaping projects including the reimagination of Broadmeadow sporting and entertainment precinct, John Hunter Hospital Innovation Precinct, University of Newcastle’s increasing presence in the CBD and the international expansion of Newcastle Airport.”
Deputy Lord Mayor Declan Clausen, who chairs the City’s Strategy Committee, said New Move would help bring new skills to Newcastle.
“It will help generate economic opportunities with a flow-on-effect into increased local employment and opportunities for Novocastrians,” Cr Clausen said.
“Through an advertising campaign focused on Sydney and the nation’s capital cities, Newcastle will be showcased as a smart city and innovation hub supported by a vibrant culture and modern infrastructure.
“Newcastle is a gateway city – small enough to provide the charms of regional life but big enough to attract international investment and the best domestic and global talent.”
The New Move program is funded by City of Newcastle within its existing economic development budget and was supported by a unanimous resolution in December 2020.
Expressions of interest are now open with an opportunity for applicants to explore and experience the local community, industry and culture at a weekend event taking place from 9-11 April.
To find out more, visit the New Move website.