Today’s announcement of the successful projects under Round 3 of the Port Kembla Community Investment Fund (PKCIF) is another positive step toward the transformation of one of the Illawarra’s most iconic communities, according to the Illawarra Business Chamber (IBC).
The IBC is a member of the evaluation committee and has long championed the Fund as an opportunity to revitalise the Port Kembla economy by improving its tourism assets, upgrading its retail and business precinct and creating employment opportunities.
Round three of PKCIF sees some welcome changes by the NSW Government as a result of the IBC’s advocacy to bring forward expenditure under the Fund to increase the size of the available pool from $1 million per year to $4 million, to finance more significant projects in Port Kembla.
“These are 17 exciting projects that will improve Port Kembla’s iconic tourism assets, upgrade community amenities and enhance the local environment,” said Adam Zarth, Executive Director of the Illawarra Business Chamber.
“I’m pleased that the government listened to the business community and brought forward greater funding so that a greater level of vision and scale could be achieved in this funding round of PKCIF,” he said.
“Heading into a state election, it is also terrific to see the proceeds of asset recycling supporting businesses, employment and the economy at a very local level here in Port Kembla.”
“We look forward to more worthy projects being funded in our region in the near future.”
