Regional Development Victoria

Budget 2019/20 - Boosting jobs and growing the economy

27/05/2019

The Victorian Budget 2019/20 includes a $169.8 million package of initiatives to help create even more jobs – boosting trade, driving innovation and delivering programs that help Victorians overcome barriers to employment.

The package includes $150 million to create the Victorian Jobs and Investment Fund, which will drive initiatives of state significance and attract strategic investment, creating jobs and fostering business growth across the Victorian economy.

The Fund includes $10 million for LaunchVic to continue its work supporting local startups, and to attract world-class innovation and investment projects that grow jobs and productivity across the state.

There is also $8.8 million for employment initiatives that build on the enormous success of Jobs Victoria, which has supported more than 9,500 jobseekers into work since October 2016.

Jobs Victoria will continue its important work helping people facing barriers to employment find jobs and keep them. There will also be new initiatives to give targeted support to those sections of the community where unemployment is still too high.

Connecting local businesses to global markets is crucial to growing the Victorian economy, so $5 million will be provided to fund trade missions, and the delivery of training and skills programs that help build the export capability of local businesses and maintain our trade focus on Asia.

In addition, $1 million will be provided for export-focused marketing activities to promote Victoria’s food and fibre sector internationally.

The Government is also taking Victoria’s wine to the world with a $5 million investment to ensure our state’s booming wine industry continues to grow, with a boost to marketing, support for local producers and Wine to the World, a targeted trade campaign.



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