NSW Premier Chris Minns and Treasurer Daniel Mookhey. Source: AAP Image/ Dean Lewins
Leaders in the NSW startup sector are urging the state government to reconsider its decision to pause new grant funding, as entrepreneurs fear losing investor support.
NSW Treasurer Daniel Mookhey announced a “line-by-line” government spending review last month, as the new Labor government adjusts to some $7.1 billion in costs discovered since taking office in March.
The NSW government will update the state on its spending decisions when it hands down the delayed 2023-2024 budget, which is scheduled for September.
It has pulled the handbrake on a number of industry grant schemes as a result, not only barring new applicants but halting applications already underway.
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