Modelled after the successful Housing Delivery Authority, the Investment Delivery Authority will accelerate approvals for major projects across all industries, including advanced technologies and energy.
Businesses have said that making major investments in NSW is too complex and too time consuming, which is slowing down productivity.
The Investment Delivery Authority will address this by helping cut through red tape, coordinate across government, and encourage investment.
It is expected to assist around 30 large projects per year, bringing forward up to $50 billion of investment each year.
It will provide advice on how best to navigate the planning system while evaluating projects for fast-track assessment and coordinating the necessary infrastructure to deliver them.
The Investment Delivery Authority will also be able to identify reforms to remove hurdles for private investment, and offer government assistance to support a proponent if their project is chosen.
This makes it easier for businesses to invest, build and create jobs in NSW.
The Investment Delivery Authority will accept expressions of interest from eligible domestic and international investment projects valued over $1 billion and will come into effect in the 2025-26 financial year.
A multi-agency Investment Taskforce, in Investment NSW under the Premier’s Department, will support the Authority’s work.
The Investment Delivery Authority will comprise Premier’s Department Secretary Simon Draper, Treasury Secretary Michael Coutts-Trotter, Department of Planning, Housing and Infrastructure Secretary Kiersten Fishburn, and Infrastructure NSW Chief Executive Tom Gellibrand.
It will make recommendations to the Treasurer, the Minister for Planning and Public Spaces, and the Minister for Industry and Trade.
Eligible projects must be able to commence development quickly and aligned with NSW Government priorities, as set out in policies including the NSW Industry Policy and Trade & Investment Strategy.
The Authority will not be restricted to a specific industry or sector. Major projects able to be considered may include hotels, data centres, renewable energy projects, and commercial developments.
Innovation Blueprint: Growing the economy through investment to secure NSW’s future
The Minns Labor Government is working to cement NSW as a global hub for innovation and technology through the recently launched Innovation Blueprint.
The 2025-26 Budget includes nearly $80 million of new funding to deliver the Innovation Blueprint, which will establish NSW as the best place to innovate, connect with investors, and scale a business.
With NSW accounting for 65% of the nation’s venture capital investment in 2024, and being home to five out of eight Australian unicorn companies (privately held companies valued at over $1 billion), the state is already a recognised leader in driving economic growth through innovation.
The funding package for the Innovation Blueprint will promote more global success stories like Afterpay, Atlassian and Canva in the years ahead through the following groundbreaking initiatives:
- $38.5 million to turbocharge Tech Central, Australia’s largest technology and innovation hub
- $20 million for Emerging Technology Commercialisation to drive growth and productivity in key areas such as Housing and Energy
- $6 million to extend the existing Minimum Viable Products Ventures program to support more startups at the early stages of development
- $6 million to support manufacturing businesses to adopt innovative technologies
- $4 million to promote housing construction through the Housing Innovation Network and the Innovation in Construction Fund
- $4 million to support tech founder diversity by providing training programs for female founders and our future tech leaders living and working in Western Sydney and regional NSW
- $700,000 to extend the operation of National Space Industry Hub.
Premier of NSW, Chris Minns said: “The fact is major projects from the private sector are getting bogged down in red tape, which is making it harder to do business in NSW when we should be doing everything we can to get things moving.
“Our state is open for business and this change will encourage more people to bring their best ideas to life in NSW, all backed by our government.
“We’ve made great progress with the Housing Delivery Authority. This reform is a big signal that NSW is not just open for business—it’s serious about being a global leader in innovation, industry, and investment.”
Treasurer of NSW, Daniel Mookhey said: “We have listened to what we are being told, loud and clear: everything in NSW is awesome, except for how long it takes to get major projects done.
“We are creating a way to address the blockages, speed up the process and ensure NSW is properly open for business.
“The Investment Delivery Authority is the turbocharger to drive economic growth across the state.”
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