There’s cash up for grabs in rural and regional Victoria. Regional Development Victoria’s growth fund has put up $1 billion to kick-start rural economies in the southern state. The aim is to improve resilience, sustainability and job prospects in non-metropolitan areas.
This program has funding opportunities on the table for big business and community groups alike. It offers financial support to private sector businesses and agencies, not-for-profits, educational institutions and other regional organisations.
There are two main components of the program: strategic initiatives and local initiatives.
The strategic initiative stream is focused on building economic opportunities and has already helped get a $100 million plan under way to extend natural gas supplies across Victoria.
The local initiative stream funds projects and plans that are aligned to the goals of rural councils and other authorities and aims to extend to local government infrastructure and to “put locals first”.
This is an opportunity for rural-based businesses, community groups and other organisations to get the funding they need to get community-focused ideas off the ground. This may mean a new service for job seekers, better information sharing networks or new community infrastructure, such as skills and training centres.
The range of projects available for funding is broad and there is scope for private companies to put forward ideas that will deliver jobs, services and infrastructure and a much-needed boost to regional economies. If the proposed project aims to provide better infrastructure, facilities and services to rural Victoria and strengthens the economic, environmental and social base of the place, then it’s the type of project the Regional Growth Fund needs to hear about.
Name: Regional Development Victoria
Phone: Please refer to website
This information is provided to BRW by GrantReady, which maintains the largest source of grant and funding information for Australian businesses.