Regional Development Victoria

Investment Attraction Program Stream

The Investment Attraction program stream aims to grow existing or attract new businesses and industries to regional Victoria.

Overview

Manufacturing worker

High performing businesses underpin jobs growth, exports and economic competitiveness in regional Victoria. Achieving growth in the number, scale and/ or productivity of these regional businesses can have a significant impact on the economic output of the region in which they operate.

This Regional Jobs Fund program stream aims to grow existing or attract new businesses and industries to regional Victoria. It has a focus on regional competitive advantage and high-growth potential businesses and opportunities that create new jobs or retain existing jobs in regional Victoria.

The program will be flexible to industry needs but also targeted towards supporting activities that enable the realisation of an identified business growth opportunity. This includes footloose investment attraction, investment in facilities expansion and strategic industry investment planning.

The Investment Attraction program stream is based on the development of a strong and strategic understanding between Regional Development Victoria (RDV) and individual companies. The focus is on the company’s growth potential of companies and their ability to deliver jobs into regional Victoria.

Hans Fiber Laser cutting machine from Applied Machinery at Jmar Engineering
Success Story

New manufacturing technology boost

Jmar Engineering, with support from the Victorian Government, has invested $800,000 to expand and upgrade its existing facility in Shepparton

View Success Story

Objectives of Program

The Investment Attraction program stream of the Regional Jobs Fund aims to grow existing or attract new businesses and industries to regional Victoria. It has a focus on regional competitive advantage and high-growth potential businesses and opportunities that create new jobs or retain existing jobs in regional Victoria.

The program will be flexible to industry needs but also targeted towards supporting activities that enable the realisation of an identified business growth opportunity. This includes footloose investment attraction, investment in facilities expansion and strategic industry investment planning.


Funding Details

The Victorian Government’s Back to Work plan has identified a number of high growth sectors which will be targeted for future job growth. The investment attraction program stream will focus on areas of regional competitive advantage and give preference to proposals that seek to invest and create jobs in potential high growth and emerging sectors including but not limited to:

  • food and fibre
  • professional services
  • new energy technology
  • medical technology, life sciences and healthcare
  • transport, defence and construction technology
  • international education
  • the visitor economy.

Activities that will be considered:

Through the Investment Attraction program stream support may be available for:

  • new investment or bringing forward investment in existing regional businesses that creates jobs
  • targeted investment assistance and incentives for businesses to move to, or expand into, regional Victoria involving new capital investment and job creation
  • introduction of new manufacturing capability, new technology, process change or plant modernisation, which results in business growth and jobs creation
  • opportunities to grow emerging businesses or diversify existing operations.

Activities that will generally not be funded:

The following activities will generally not be considered for funding:

  • projects based on stand-alone utility connections or upgrades to the boundary of the project site and other infrastructure external to the site
  • relocation of employees and training where local capacity exists.

Application Process

All project applications will be considered on an individual basis.

Applicants will be required to demonstrate the project’s ability to address each of the core Regional Jobs Fund (RJF) criteria outlined in the Regional Jobs Fund application guidelines.

Applications will also need to demonstrate:

  • why the project requires government assistance to proceed
  • how government assistance will influence an investment decision which is already under consideration.

Prior to submitting an application, applicants are advised to:

  • read the RJF application guidelines and the relevant program stream information sheet carefully to establish eligibility
  • read the terms and conditions for the funding offered
  • discuss the proposed project with your local RDV office.

Step 1

Familiarise yourself with the Regional Jobs Fund application guidelines

Step 2

Check you can demonstrate the project’s ability to address each of the core Regional Jobs Fund criteria

Step 3

Contact your local RDV office to discuss your application

Download Resources

Resource Download
Regional Jobs Fund (RJF) application guidelines (129.3 KB ) Download
Investment Attraction information sheet (80.3 KB ) Download
Regional Jobs Fund (RJF) application guidelines (953.5 KB ) Download
Investment Attraction information sheet (54.7 KB ) Download

Projects funded by this program

Project Name Region Year Amount Funded
Backwell IXL - Building Systems Infrastructure Barwon 2016 CiC
Flat Glass Geelong - Creating world best practice Architectural Glass Manufacturing facility in Geelong Barwon 2017 CiC
Routleys (Vic) - Routleys Expansion Project Barwon 2017 CiC
Geelong Confectionery - Expansion Project Barwon 2017 CiC
Australian Lamb - Colac Capacity Expansion Project – Stage Two B Barwon 2017 CiC
Chemring Australia - Lara Facility Expansion - Countermeasures for USA Market Barwon 2018 CiC
Automotive Autogas Demand Study (Victorian Automobile Chamber of Commerce) Statewide 2015 CiC
Fonterra Australia Pty Ltd, Stanhope: rebuild, modernise and expand project Loddon Campaspe 2015 CiC
Agromillora Australia: New Commercial Nursery Development Mallee 2015 CiC
Capilano Honey Limited: Expansion of Maryborough operations Loddon Campaspe 2016 CiC
Timboon Fine Ice Cream - Factory & Ice Creamery Great South Coast 2016 CiC
PineGro Products Pty Ltd - Mt Wallace Composting Facility Central Highlands 2016 CiC
Ballarat Turf Club - New Horse Trainer Precinct Project Central Highlands 2016 CiC
Expansion of Swan Hill Abattoir Mallee 2016 CiC
Aioi Nissay Dowa Insurance: Regional Operations Centre Gippsland 2016 CiC
JMAR Engineering, Laser cutting line Project Goulburn 2016 CiC
Myrtleford Butter: King Valley Dairy expansion Ovens Murray 2016 CiC
Tribal Group: establishment of Corporate Regional Headquarters and New Platform Development Centre in North Geelong Barwon 2016 CiC
Nectar Farms Stage 1: hydroponic vegetable production facility at Stawell Wimmera Southern Mallee 2017 CiC
Keppel Prince Engineering: Wind Tower Production Expansion Great South Coast 2017 CiC
JV Orchards coldstorage expansion Goulburn 2017 CiC
Booth Transport: Strathmerton Milk Logistics Hub Goulburn 2017 CiC
Wine by Sam Pty Ltd: Winery redevelopment and relocation Goulburn 2017 CiC
Kinross Farm Euroa Expansion Goulburn 2017 CiC
Pentarch Agricultural Pty Ltd: Ultima Fodder Processing Facility Mallee 2017 CiC
Merriwa Industries Ltd: new food packing line Ovens Murray 2017 CiC
Burra Foods - Canning Facility Expansion Gippsland 2017 CiC
Leadoux Turkeys business expansion project Gippsland 2018 CiC
Jobs 4 Portland - Workforce Attraction, Retention & Ambassador Pilot Program Great South Coast 2017 CiC
Avalon Airport International Passenger Carrier Barwon 2018 CiC
Laminex Group new equipment for laminate technology Central Highlands 2018 CiC
Pacific Hydro: retail head office establishment and new IT platform Barwon 2018 CiC
Harrybilt Engineering Market Growth Strategy Central Highlands 2018 CiC
Whelans Group: Bruthen Quarry Expansion Gippsland 2018 CiC
Southern Spreaders Hansa business expansion Central Highlands 2018 CiC
GoldAcres Trading Capacity Improvements Central Highlands 2018 CiC
Meatco Aus: refurbishment and recommissioning of Mildura abattoir Mallee 2018 CiC
Kooka's Country Cookies relocation and production expansion project Mallee 2018 CiC
Valentines Bakery: Rutherglen Production Facility Expansion Ovens Murray 2018 CiC
P & A Vigliaturo Orchards Pty Ltd: Packing Facility Expansion Goulburn 2018 CiC
XLAM: Establishment of Australian HQ Ovens Murray 2018 CiC
Tatura Fresh Expansion of Murphy Fresh to Tatura Goulburn 2018 CiC
Katunga Fresh Propagation Facility Goulburn 2018 CiC
Australian Consolidated Milk: Project Horizon - New Dairy Manufacturing Facility Loddon Campaspe 2018 CiC
Bertlea Enterprises: Establishment of Large Scale Broiler Production Enterprise Loddon Campaspe 2018 CiC
Forest Lodge Racing: Establishment of a Thoroughbred Racehorse, Training and Rehabilitation Centre Loddon Campaspe 2018 CiC
  • This may not be a comprehensive listing of all announced funding through the Regional Jobs Fund, Investment Attraction Program Stream
  • CiC indicates the project funded amount is Commercial or Cabinet in Confidence
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