Big announcements by the NSW government at NEXTDC this morning [June 23rd 2025] as Craig Scroggie hosted NSW Premier Chris Minns, Treasurer Daniel Mookhey, Planning Minister Paul Scully and Industry and Trade Minister The Hon. Anoulack Chanthivong MP announced the new Investment Delivery Authority (IDA) to accelerate +$1bn investment projects.
The New South Wales government will establish the new IDA and commit nearly $80 million in innovation funding through the 2025-26 Budget.
$17.7 million has been allocated to create the Investment Delivery Authority, and the Authority is tasked with accelerating approvals for major private sector projects in NSW. The Authority is expected to manage around 30 large-scale projects annually, potentially facilitating up to $50 billion in investment each year.
The government aims to address concerns from the business community regarding the complexity and length of the current approval process for major investments in NSW. The new entity will coordinate across government agencies to eliminate red tape, expedite development permits, and streamline access to essential utilities such as power.
The Investment Delivery Authority will comprise senior departmental leaders in the Premier’s Department, Treasury, Department of Planning, Housing and Infrastructure, and Infrastructure NSW. It will provide recommendations to key ministers, including the Treasurer, the Minister for Planning and Public Spaces, and the Minister for Industry and Trade.
Eligible projects considered for fast-tracked assistance must exceed $1 billion in value, be able to commence development quickly, and align with government priorities outlined in various state policies. Sectors expected to benefit include hotels, data centres, renewable energy, and commercial property development.
Premier 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 Daniel Mookhey added:
“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.”
Minister for Planning and Public Spaces Paul Scully commented:
“Lifting productivity growth is a critical issue for NSW and we recognise the challenges businesses and investors face when it comes to bringing their projects to life.
“The Investment Delivery Authority, supported by the Investment Taskforce, will identify and clear barriers that businesses may face, while advising on reforms that promote investment, competition and productivity in NSW.”
Sourced from: https://ecommercenews.com.au/story/nsw-sets-up-authority-funds-80m-innovation-drive
