New South Wales state Labor says the previous Coalition government had made unannounced cuts to the Small Business Innovation and Research (SBIR) program among a slew of other cuts to innovation programs, and has foreshadowed ‘tough calls’ on spending ahead of next week’s state budget.
NSW Labor claims the Coalition made $188 million worth of cuts to innovation, trade, tourism, and screen programs from the Department of Enterprise, Investment, and Trade – without announcing them – as a part of its pre-election budget update on March 8, just two weeks from the state election.
About a dozen programs overseen by Investment NSW, Destination NSW, and Create NSW have had their funding reduced or been cancelled outright.
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