Skip to main content

Investment Territory – Creating Jobs through Private Sector Investment

Office of the Chief Minister

A new Investment Territory team that will lead a whole-of-government charge in attracting and securing private investment in the Territory will begin operations on Monday.

It is one of the key recommendations of the Langoulant Plan for Budget Repair and has one purpose - to create local jobs through private investment. Investment Territory will pursue investment and make sure investors are supported from their first interest in the NT through to an investment outcome.

The new office will aim to increase the Territory’s growth rate from an average of 2.5% to 5%, adding a billion dollars to the Territory economy and creating jobs.

Private sector investment creates and sustains jobs. It provides capital to finance new industries like space and solar, and to develop and grow existing industries like agriculture, tourism and mining.

The 40 strong team, is part of the Department of Trade, Business and Innovation and will be led by current department executive Luke Bowen. The team has been made up of staff from across the Northern Territory Government.

Last month the Territory Government announced details of its $89 million co-investment fund aimed at creating more local jobs and accelerating major and significant projects in the Territory. The Fund will be administered by Investment Territory.

Using the Local Jobs Fund, Territory businesses will be able to get projects investment ready, undertake detailed feasibility studies, leverage private sector finance and investment and reach financial close. 


Quotes from the Chief Minister, Michael Gunner

“We know that increasing private sector investment creates strong economic growth and more local jobs - especially more permanent jobs. This is how we break out of the Territory’s boom and bust.

“Our Territory is attractive and exciting to investors – whether it be solar, space, or aquaculture, or in our already existing industries such as agriculture, tourism and mining.

“I have set Investment Territory the ambitious target of increasing the Territory’s average growth rate from its current projection of 2.5% to at least 5%.

“Achieving this will see an additional $1 billion in the Territory economy and thousands more jobs.”

MEDIA CONTACT: Cameron Angus 0404 021 192


--> --> --> --> --> -->