It comes as more than 20,000 active SLSNSW volunteer lifesavers begin the patrol season today, with the symbolic raising of the red and yellow flags at Maroubra Beach, Sydney.
With predictions of a hot and dry summer, the funding commitment reinforces the critical role of SLSNSW in safeguarding the lives of NSW beachgoers.
Last year was one of the worst for drowning fatalities, with 48 lives tragically lost along the NSW coastline and 26 coastal drownings recorded over the summer months.
Beachgoers are being urged to exercise caution and observe water safety advice from lifesavers and lifeguards this patrolling season, which runs until 28 April 2024.
The increased funding for SLSNSW will build on its capacity to protect lives over the warmer months.
As part of the funding package, SLSNSW will receive $18 million over four years through the NSW Rescue Capability Grant, for additional resources and equipment including 67 rescue watercraft, such as jet skis.
The funding will also deliver 40 permanent Emergency Response Beacons in blackspot locations, helping SLSNSW extend services in unpatrolled areas in an effort to reduce coastal drownings.
The Minns Labor government's investment in SLSNSW will also support the upgrade, restoration and construction of surf lifesaving facilities through an additional $5 million over four years for the Office of Sport's Surf Club Facility Program.
This program aims to assist eligible Surf Life Saving Clubs to develop facilities that will enable increased participation in Surf Life Saving for all people, increase facility usage, and improve safety.
SLSNSW is one of the largest volunteer organisations of its kind in the nation with a membership of more than 75,000.
Additionally, these Surf Life Saving Clubs serve as vital community hubs across NSW.
On top of the $23 million, the national body Surf Life Saving Australia will receive almost $5.8 million over four years for the Westpac Life Saver Rescue Helicopter, including a crucial upgrade to the hangar door at La Perouse.
Premier of New South Wales Chris Minns said:
"New South Wales has the best beaches in the world and we're incredibly fortunate to have the best surf life savers as well."
"We have very dedicated, very brave volunteers, who often put themselves into dangerous situations to help others."
"We want everyone to be able to enjoy our beaches safely. This is an important investment in life saving technology and human capital, so we know we have the resources we need right up and down the coast this summer."
Minister for Emergency Services Jihad Dib said:
"This is the largest amount of funding the NSW Government has ever committed to Surf Life Saving NSW and we are proud to deliver on our promise to support these heroes in their vital work."