According to a business survey conducted by Business NSW Central Coast in conjunction with local Chambers, 80% of businesses have been impacted by the Central Coast Council situation creating further uncertainty, and 50% of respondents have stalled their future plans for growth.
“Our survey suggests there are significant challenges ahead for regional economic growth,” Business NSW Regional Director Paula Martin said.
“While 50% of business are confident that longer term, the Central Coast will be an attractive investment region with business growth; only 29% of business are confident that Council will support growth and investment,” Ms Martin said.
“Low business confidence may mean that businesses are reluctant to hire staff and invest to grow, particularly as the pandemic continues to impact local business.
“Infrastructure and maintenance, planning and approvals and a shortage of destination activities are key challenges faced by business.
“Council must delicately balance the need to financially recover, without compromising the opportunity for local business to expand or limit the region’s ability to attract new investment.
“Continuing in Administration is welcomed by business, but this needs to be supported by priorities that help business grow in the shorter term.
“The Roadmap must focus on reducing regulatory red tape; business friendly council practices and delivery of capacity building projects to grow local jobs.
“Road and highway upgrades, destination-based activities to drive tourism and events, reduced red tape to create a vibrant Gosford CBD, waterfront and night-time economy and town centre upgrades are immediate examples cited by business with potential to improve the local economy.
“A Recovery Road map that is focused on economic development for the short term will provide the confidence business need to grow.” Ms Martin said.
About Business NSW
Formerly the NSW Business Chamber, Business NSW is the peak policy and advocacy body which has been representing businesses in NSW since 1826.
