Victorian Business Flood Recovery Fund
The Victorian Business Flood Recovery Fund (VBFRF) is a $10 million Victorian Government initiative which aims to restore and improve the capacity of areas of regional Victoria affected by the 2011 floods and enhance their economic development by encouraging private sector investment and job creation.
Through the VBFRF, Regional Development Victoria (RDV) is working in flood-affected areas to create sustainable new jobs, new or additional business capacity that enhances employment, business and economic opportunities with a focus on tourism, agriculture, food, forestry, energy and other sectors consistent with local and state government objectives.
The Fund aims to restore and improve the capacity of areas of regional Victoria affected by these floods, and enhance economic development through encouraging private sector investment and job creation in those areas.
Eligibility
The VBFRF is available to those ABN registered businesses/commercial enterprises within flood affected areas of Regional Victoria that:
- are legal entities; and,
- can demonstrate the commitment of funding, exclusive of in-kind contribution, to the investment proposal which does not include other government funding and which at least matches the funding which is being sought from the Fund.
| Download the program application guidelines for the Victorian Business Flood Recovery Fund (VBFRF) (PDF 538.9 KB) (Word 86.0 KB) |
Delivery
The Fund will operate over a two year period during which two competitive funding rounds will be held. The first round will close on 30 September 2011 .
Applications may be considered outside of these funding rounds where a compelling case exists. The minimum grant available is $50,000 and the maximum amount is $2 million.
Contact the local Regional Development Victoria office for further details
