Flagship regional fund achieves jobs and investment milestones23/10/2017
June 29 marked two years since the Victorian Government’s $500 million Regional Jobs and Infrastructure Fund (RJIF) was introduced.
Since that time, the fund has attracted more than $1.2 billion in investment, generated $123 million in exports, and created and retained over 4,600 jobs in regional Victoria.
The Regional Jobs and Infrastructure Fund continues to deliver what the Victorian Government set out to do. That is, to address key challenges and opportunities to unlock regional Victoria’s growth potential.
Specifically, this has involved a concerted focus on creating jobs, improving the liveability of Victoria’s regional cities and towns, building critical infrastructure and boosting productivity and innovation to support new and emerging industries.
Initiatives over the period include allocating $19 million for the landmark 144km Grampians Peak Trail, major upgrades for the Geelong Performing Arts Centre and Ballarat Station Precinct, and the development of a world class health training centre and dental prosthetics laboratory in the Latrobe Valley.
Each of these substantial projects is currently in various stages of development and construction, along with more than 470 other potential projects around the state that have received the green light on government support through this flagship fund.