Regional Development Victoria

Latrobe Valley Economic Facilitation

The Latrobe Valley Economic Facilitation Fund is a $10 million fund established as the first initiative under the $40 million Latrobe Valley Economic Development Program.

Overview

Worker grinding steel

The Latrobe Valley Economic Facilitation Fund (LVEFF) is a $10 million fund established as the first initiative under the $40 million Latrobe Valley Economic Development Program.

LVEFF will operate as a grant program for businesses in the Latrobe Valley with the primary objective of identifying and supporting business growth and new job creation, consistent with priorities set out in local economic development plans including the Gippsland Strategic Plan, local government economic development strategies and the Committee for Gippsland ‘Our Region Our Future’ report. LVEFF will also support economic development and local investment priorities for the region identified by the newly established Gippsland Regional Partnership.

Latrobe Dental Prosthetics Laboratory under construction
Success Story

New dental prosthetics lab for the Valley

The Latrobe Valley University Training Clinic and Dental Prosthetic Laboratory is providing jobs and a new manufacturing industry

View Success Story

Objectives of Program

The fund supports business growth and new job creation, consistent with priorities set out in local economic development plans including the Gippsland Strategic Plan, local government economic development strategies and the Committee for Gippsland 'Our Region Our Future' report.


Funding Details

The new team will work with proponents to fast track and realise investment opportunities. The LVEFF will work to attract and facilitate business investment into the Latrobe Valley through three key ‘fund streams’ supporting:
  • Growing existing businesses – with a focus on business competitiveness and innovation, including a focus on existing Latrobe Valley businesses, the small to medium business sector (SME’s) and supply chains;
  • Investment attraction – helping new businesses to locate in the Latrobe Valley; and
  • Market access - growing the capability and identifying new global markets for products and services.

Download Resources

Project Category Download
Latrobe Valley Economic Facilitation Fund (LVEFF) application guidelines (124.9 KB ) Download

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