Transforming and Transitioning Local Economies
Investing in enabling strategic infrastructure is critical to the competitiveness of regional industries and/or prosperity of the region. Enabling infrastructure creates new community or business opportunities that strengthen the regional economy, while also building on significant community assets. It further responds to a number of the factors underpinning the growth and structural change occurring in regional Victoria. These factors range from a changing population to changing social, workforce and market conditions.
In this context, the Transforming and Transitioning Local Economies sub-program aims to develop vibrant and resilient regional economies and will:
- provide better infrastructure and facilities
- strengthen the economic base of communities and/or
- create jobs and improve career opportunities.
The sub-program has a broad focus and projects of regional significance that can demonstrate a transformational impact on the region, including improved economic viability will be given priority.
The types of infrastructure projects that may be supported through this sub-program include:
- major projects in the public realm that will attract private sector investment
- redevelopment of crown assets to stimulate adjacent private sector investment
- establishment of multi-user facilities that leverage regional strengths or assets
- improved access that facilitates networks and improves connectivity
- infrastructure that increases the economic output of local and regional economies, increases social capital, amenity or liveability of the community and assists regions, more broadly, to respond to change
| Download the Regional Growth Fund information sheet on Transforming and Transitioning Local Economies (PDF 294.3 KB) |
| Download the program application guidelines for the Economic Infrastructure Program (PDF 463.0 KB) |
