As part of its Economic Growth Statement, the Victorian Government is unlocking more industrial land in regional Victoria.
The Government will invest $10 million in trunk infrastructure – for things like water supply, sewerage, roads, and electricity.
This will open up more land for industry and development across regional Victoria.
Delivered through competitive funding rounds, this investment will focus on ready-to-go projects with
co-investment from local councils and industry – ensuring businesses have the confidence and certainty they need to set-up and expand.
The investment builds on the success of projects like the Portland North Employment Precinct and Ballarat West Employment Zone, which have brought new businesses to these communities.
The Victorian Government supported JL King & Co with installation of infrastructure including gas, electricity, water, sewerage, telecommunications as well as access roads and car parks at their new Bendigo facility – enabling them to employ 80 new staff and deliver more locally grown produce to interstate markets.
The Economic Growth Statement outlines more than 40 initiatives across four key actions: open doors, cut red tape, build new skills and reach every community – dedicated to growing regional economies and regional jobs.
As part of this focus, the Statement includes a range of initiatives to make it easier to do business and attract investment to regional Victoria, including:
- Piloting Regional Launching Pads – shared collaboration spaces for local businesses, entrepreneurs, and investors to connect and grow
- Developing a new website to showcase regional investment opportunities
- Investing $20 million in growing Victoria’s priority sectors – including advanced manufacturing, circular economy, health technology, and agribusiness – to drive the state’s economic future
- Boosting exports with a $10.9 million package that will help more Victorian small and medium-sized businesses take their products to global markets and identify new markets
- Developing agricultural applications of RNA technology, with new funding for research and manufacturing
- Cutting regulation to save businesses time and money, with a focus on smarter, simpler processes that reduce red tape and unnecessary permits
With the regional payroll tax rate the lowest in the nation and regional job growth among the highest, the Economic Growth Statement will further make it easier for your businesses grow in Victoria.
Businesses looking to leverage this opportunity please contact us.
