Penrith. Funds for business alliance

Penrith City Council has applied to the Independent Pricing and Regulatory Tribunal (IPART) for a special rate variation (SRV) to fund the priorities, such as, the Penrith Business Alliance (PBA) allowing it to continue to attract investment and employment and create local jobs for local people. Should the SRV be unsuccessful, the future funding and viability of the alliance would be in doubt resulting in a potential reduction of economic development growth and employment opportunities for the city and its residents. Council has set PBA a target of 40,000 jobs by 2036, 30 per cent greater than in the DOP’s Metropolitan Plan for Sydney 2036.