Scone and the Upper Hunter region will benefit from increased economic activity when the Scone Regional Livestock Selling Centre redevelopment is completed thanks to Australian Government funding through the Building Better Regions Fund (BBRF), Deputy Prime Minister and Member for New England, Barnaby Joyce said today.
Mr Joyce said the project would receive $2.8 million through the BBRF, making the project a reality.
"Scone and the Upper Hunter will see a significant increase economic activity from this project, including an increase of throughput by 50,000 head per annum, an increase in returns for producers, agents and the Upper Hunter Shire Council; increased efficiency; reduced operating costs and an expected increase in turnover by $55 million per annum by 2028,” Mr Joyce said.
"Agriculture is worth $267 million to the Upper Hunter LGA, employs 1,200 people and is a major exporter. This project will provide a modern facility that ensures the facility remains operational and viable, and will continue to support jobs and the economy in the Upper Hunter region.
“This funding assures the continued support of local jobs and economic development within the Upper Hunter region.
"This project is another example of delivering for the people of New England and it's so great to be on the ground here today with the Upper Hunter Shire Council at the centre to see how things will take shape.
The Building Better Regions Fund received more than 500 applications and the Scone Regional Livestock Selling Centre was one of about 100 which were approved.
The funding will allow the council to build a state-of-the-art facility that would ensure the sale yards remain viable and operational.
The funding will go towards completing the $7 million project, with the Upper Hunter Shire Council to provide the remainder of funds for the project.
More information about the Building Better Regions Fund is available at: www.business.gov.au/bbrf