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NSW launches COVID recovery plan transforming Sydney into a 24-hour economy

The NSW Government’s 24-Hour Economy Strategy will revamp Sydney and help businesses and jobs recover from the economic impacts of COVID-19. 

Sydney’s 24-hour economy set to boom; The 24-Hour Economy Strategy will help drive investment, create more jobs and transform Sydney into a vibrant 24-hour destination.

Working with industries, businesses and councils, the strategy will provide opportunities in the Sydney CBD and surrounding suburbs. This will include jobs in the arts, hospitality, entertainment, retail and event industries.

A Coordinator General team will form to implement the strategy, working with the strategy’s five strategic pillars to transform Sydney.

Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said COVID-19 has hit the tourism, hospitality and the arts sectors hard. 

“This strategy sets out a pathway to activate home-grown events that create safe opportunities for people to enjoy across Sydney,” Mr Ayres said.

The 24-hour Economy Strategy comprises five Strategic Pillars, each of which address a distinct opportunity area in Sydney’s 24-hour economy;

  • Support more integrated planning and place-making –more ‘joined-up’ State, local government and industry collaboration to enable the 24-hour economy to thrive.
     
  • Encourage the diversification of night-time activities by supporting a wider variety of businesses at night.
     
  • Nurture industry and cultural development to help entrepreneurs thrive in the 24-hour economy.
     
  • Explore ways to enhance mobility and improve connectivity between 24-hour economy hubs through safe and reliable transport.
     
  • And change the narrative for Sydney to drive more local consumption, highlight Sydney as a world-class night-time destination, and encourage healthy behaviours.
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