The federal government will spend $7.2 billion over five years to create 1,000 regional jobs and promote local knowledge, according to a government-wide announcement.
The federal Employment and Social Development Minister Michaelia Cash said the government will also invest $1.3 billion in the Northern Territory to create 50 new jobs.
The announcement comes just weeks after the Northern Territories announced it would be the first federal territory to set up a regional job hunting centre.
The Northern Territory is the last of the 13 Australian states to set a regional unemployment rate, with a national unemployment rate of just 4.2 per cent.
The Regional Regional Regional Employment Network will bring together local employers, recruiters, recruitrs and recruiters with industry-leading job hunters to offer local recruiters and recruitrs access to regional job seekers.
It will also develop a network of employment services for the regional economy and support recruitment of skilled, experienced workers in the region.
In a statement, Ms Cash said she had set out her plans for the Northern, Western and Central Territories in a speech to the Northern Labor Party in December.
She said the new funding would be used to support job-hunting opportunities for regional employers and local recruitrs.
“It will provide the opportunity for young people to work and train in remote locations,” Ms Cash told the National Press Club.
“We know from experience in other parts of the world that people want to move back to the places they have been.”
I want to make sure that young people have the opportunities to move forward with their life, to have the skills they need to succeed in a global economy.
“The Northern, Southern and Western Territory will also get support to develop regional and remote job training programs, and expand their regional workforce.