Unpacking the Regional Deal

Friday 23 August 2019

Earlier this year, Albury and Wodonga Councils welcomed the Australian Government’s announcement that the region will benefit from a Regional Deal aimed at growing the local economy, creating jobs and reducing economic barriers between the states.

What is a Regional Deal?

Regional Deals are a place-based approach to improving the productivity and liveability of regional cities by bringing together the three levels of government to collaborate, align and coordinate regional policies and investment.

What will the Regional Deal mean for Albury Wodonga?

The Albury Wodonga Regional Deal is expected to be a joint partnership between the Australian Government, New South Wales and Victorian Governments, Albury City Council and the Wodonga Council to support the development of the region, subject to the agreement of all levels of government. The Regional Deal will focus on ensuring that the region prospers over the next decade by supporting population growth and economic development, while also ensuring it remains nationally-significant, liveable and prosperous. It will be the first cross-border Regional Deal, which provides an opportunity to harmonise some of the regulatory barriers faced in the region to drive local growth and productivity.

The Deal looks to build on the joint planning and priority-setting already undertaken by Albury City Council and the Wodonga Council through the Two Cities One Community partnership.

What will the $3.2 million be used for?

The Australian Government is providing an initial investment of $3.2 million to support further strategic planning work. The early stages of consultation has commenced with a range of community, government and business stakeholders. This strategic planning and consultation process will be integral in ensuring a common vision for the region’s growth is developed. The process looks to identify ‘game changing’ projects and initiatives in the economic growth of our region.

Next steps

As part of the strategic planning work, initiatives will be identified throughout the next 12 months, with a view to delivering on our community’s vision for a thriving region.

Community and business stakeholders will be critical to identifying local priorities, barriers and opportunities.

If you would like to be involved in the consultation process, you can register your interest via email info@investalburywodonga.com.au.