NDIS to create jobs boom in New South Wales
The National Disability Insurance Agency’s (NDIA) NSW Market Position Statement reveals a jobs and economic boom will be triggered across the state over the next three years.
The Statement estimates the National Disability Insurance Scheme (NDIS) in NSW will support an estimated 64,000 more people with disability, generate up to 28,930 extra jobs and double the size of the disability services market to $6.8 billion.
Western Sydney is expected to see the highest growth in NSW, with an estimated 8,000 more people with disability getting support, an additional $400 million in funding for disability services and up to 3,300 more jobs being created.
Minister for Social Services, Christian Porter said this is the first time there has been confirmation around how many jobs and business opportunities would be created in any region across Australia due to the NDIS.
“It is expected that by 2019, the NSW disabilities market would support almost double the number of people currently supported, to 142,000. This will bring with it an increased demand for new products and technologies, increased jobs and strong economic growth right across the state,” Mr Porter said.
“The NDIA’s assessment of the NSW market showed almost a quarter of current providers in Western Sydney expected their business to double in size, with a further 20 per cent expressing strong intentions to grow.”
NSW Minister for Disability Services, John Ajaka said the Statement was further proof everyone in NSW, particularly people with disability, will share the benefits of the NDIS.
“We are on the verge of a disability services boom in NSW, with the biggest winners being people and business in Western Sydney. Put simply, the NDIS means more money, more people getting support, more jobs and more growth,” Mr Ajaka said.
“Importantly, this is a big tick of approval for the state of the disability services sector in NSW. Together with the support of the NSW Government and peaks, the sector is ready and able to step up come 1 July 2016.”
The Statement aims to give insight into the emerging NDIS marketplace, allowing providers to better understand areas of expected demand growth and the characteristics of particular markets. It will assist providers to make business decisions about how they can adapt and grow within the new system.
This is the first Statement in a series being developed by the NDIA that will be expanded and developed as the Scheme’s evidence base grows. It takes a high-level look at NSW, with a focus on Western Sydney. Statements for other jurisdictions will be published in the coming months.
For more information about the Statement, visit the NDIA website.