Growing our regional economies

13/12/2024

Victoria is open for business – with the Victorian Government this week outlining its plans for regional Victoria as part of the Economic Growth Statement.

As part of the plan, we will invest $10 million to bring forward trunk infrastructure – for things like water supply, sewerage, roads, and electricity – to open up more industrial land across regional Victoria.

The Statement also 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.

Businesses are encouraged to contact their local Regional Development Victoria office for more information.

For more information about the Economic Growth Statement, visit the website.