The Victorian State Government has announced it will invest A$500 million in rural and regional Victoria through its Regional Jobs and Infrastructure Fund (RJIF).
The fund is focused on the creation of jobs, improving the liveability of Victoria's regional cities and towns, building critical infrastructure and boosting productivity and innovation to support new and emerging industries. It will also allow for increased investment opportunities across regional Victoria.
The Fund has three programs with ten public grant program streams:
- A$250 million Regional Infrastructure Fund: Visitor Economy, Productive and Liveable Cities and Centres, Enabling Infrastructure and Rural Development
- A$200 million Regional Jobs Fund: Investment Attraction, Innovation and Productivity, Market Access and Employment Precincts
- A$50 million Stronger Regional Communities Plan: Community Capacity Building and Population Attraction
Initiatives include A$19 million for the landmark 144 km Grampians Peak Trail, as well as major upgrades for the Geelong Performing Arts Centre and Ballarat Station Precinct, and the development of a world class health training centre and dental prosthetics laboratory in the Latrobe Valley.
Regional Victoria has an open and diverse economy with competitive strengths including a strong growth in services, excellent quality food and fibre production, a highly skilled workforce and liveable cities and country communities.
Invest Victoria is the State's investment promotion agency (IPA) providing free confidential services and professional advice to international investors. For investors who are ready to explore an investment opportunity in Victoria, Invest Victoria can provide briefings on opportunities available, organise introductions to potential partners and suppliers, or arrange specific site visits.
For more information on the Regional Jobs and Infrastructure Fund, visit the Regional Victoria website.