Thousands of local jobs are set to be created thanks to a $23 million investment by the NSW Nationals in Government into the South Jerrabomberra Innovation Precinct.

Deputy Premier and Member for Monaro John Barilaro announced the funding for the innovation precinct, which will be home to a technology and industrial park, an innovation hub, a regional sports facility and Jerrabomberra High School.

“I’m thrilled to announce funding for this new innovation precinct, which has the potential to deliver up to 5000 highly skilled jobs for locals,” Mr Barilaro said.

“From warehousing to highly specialised manufacturing, this purpose-built site will be big enough and flexible enough to meet the needs of a range of sectors.

“When the South Jerrabomberra Innovation Precinct is up and running, thousands of workers will be able to swap the daily commute over the ACT border for well paid jobs that are closer to home.”

Mr Barilaro said the investment would allow Queanbeyan-Palerang Regional Council to begin work on the access road and essential gas, lighting, water, sewerage and fibre optic connections to the precinct.

“This project will complete the vision for a thriving high-tech precinct in South Jerrabomberra that will support the growth of local industries and deliver a massive boost to the local economy,” Mr Barilaro said.

“Our investment through the $1.7 billion Regional Growth Fund is creating jobs and improving the confidence of investors interested in our key logistics, agriculture, manufacturing and emerging defence sectors.

“This significant boost is exactly what Growing Local Economies grants are designed to deliver for regional NSW and I look forward to working with QPRC on this important project.”

Queanbeyan-Palerang Regional Council Mayor Tim Overall welcomed news of the funding and said Council will also contribute more than $8 million for the project.

“I thank Mr Barilaro and the NSW Government for its support and for acknowledging the vision of QPRC,” Cr Overall said.

“This bold plan will allow a cluster of businesses to integrate with the innovation hub and high school to help build skills and jobs.”

The $500 million Growing Local Economies Fund is part of the NSW Government’s commitment to the delivery of infrastructure projects which improve the economic growth and productivity of the state under Restart NSW.