The $50 billion education gap between urban and regional areas could soon be reduced with help from travelling bush tutors and rewards for student effort.

In a report conducted by UNSW economic professor Richard Holden, $53 billion could be added to Australia’s annual GDP if investments were made into the education of rural and regional schoolchildren.

Head of the Gonski Institute, Adrian Piccoli, said the report was commissioned in order to “get decision makers to understand the economic consequences of having this gap”.