Securing and creating Jobs17/03/2016
The Victorian Government has unveiled a blueprint to grow the state's traditional industries and invest in the industries of the future.
The plan will help to create today's jobs and create the jobs of tomorrow, helping businesses to find new ways to use their skills to create new products and reach new markets.
Strategies have been released for each of the high growth, priority sectors that are critical to securing Victoria's future as a competitive, innovative and vibrant economy.
The priority sectors are medical technologies and pharmaceuticals, new energy technologies, food and fibre, transport, defence technologies, construction technologies, transport technologies, international education, and professional services.
Collectively, they have the potential to generate up to $70 billion in additional economic output and 400,000 new jobs by 2025.
For more information about the strategies, visit the Business Victoria website.
Sector Growth Program
A supporting $20 million Sector Growth Program will provide grant funding for Victorian-based projects that support these strategies.
Under Stream 1, grants of up to $100,000 are available for scoping, planning and feasibility studies to investigate growth opportunities for Victorian businesses.
Under Stream 2, grants of up to $1 million are available to implement projects aligned with the strategies that will generate new jobs and increase competitiveness of Victorian businesses.
Applications must be submitted by a consortium of at least three organisations and will be assessed against criteria including the level of economic benefit the project will bring to Victoria and alignment of the project with sector strategies. Projects will require a minimum co-contribution of $1 for every $1 granted.
The Program adds to the existing Future Industries Manufacturing Program and New Energy Jobs Fund that fall under the Future Industries Fund to support projects that create new jobs and stimulate industry investment.
For more information about the Sector Growth Program, visit the Business Victoria website