Latrobe Valley Economic Facilitation Fund
The Latrobe Valley Economic Facilitation Fund (LVEFF) is a $10 million fund established as the first initiative under the $40 million Latrobe Valley Economic Development Program.
LVEFF will operate as a grant program for businesses in the Latrobe Valley with the primary objective of identifying and supporting business growth and new job creation, consistent with priorities set out in local economic development plans including the Gippsland Strategic Plan, local government economic development strategies and the Committee for Gippsland ‘Our Region Our Future’ report. LVEFF will also support economic development and local investment priorities for the region identified by the newly established Gippsland Regional Partnership.
A new dedicated in-valley unit within Regional Development Victoria will work to actively identify and facilitate business growth and new jobs through the fund. The new team will work with proponents to fast track and realise investment opportunities. The LVEFF will work to attract and facilitate business investment into the Latrobe Valley through three key ‘fund streams’ supporting:
- Growing existing businesses – with a focus on business competitiveness and innovation, including a focus on existing Latrobe Valley businesses, the small to medium business sector (SME’s) and supply chains;
- Investment attraction – helping new businesses to locate in the Latrobe Valley; and
- Market access - growing the capability and identifying new global markets for products and services.