Regional Growth Fund - growing regional Victoria
Regional cities and country communities play a key role in driving growth and prosperity in Victoria. As well as being home to about 25 per cent of Victorians who choose to live outside Melbourne, the regions make a significant contribution to our state’s economy.
The regions play a key role in the Victorian Government’s vision to achieve balanced growth across the state.
Melbourne will not achieve its full potential as one of the world’s great capital cities unless regional and rural Victoria is also growing and prospering. Strong growth and prosperity spread evenly across the whole state will not be achieved without additional investment in these regional areas.
This is why the Government, through its lead regional and rural agency Regional Development Victoria is delivering additional funding and programs to regional and rural Victoria through the Regional Growth Fund. The Regional Growth Fund will provide $1 billion over the next eight years to build strong vibrant cities and country communities.
The Regional Growth Fund will support major strategic infrastructure and community-led local initiatives that improve both the competitiveness and livability of regional and rural Victoria, creating more jobs and better career opportunities.
In administering the Regional Growth Fund, Regional Development Victoria will work with business and community sectors. The Government is also committed to fostering local decision-making through partnerships with the five Victorian non-metropolitan Regional Development Australia Committees and local government.
A statewide Regional Policy Advisory Committee has been established to bring the voice of regional and rural Victoria to the table in providing and receiving advice on economic infrastructure projects and priorities.
Regional Development Victoria has engaged PwC as an evaluation partner for the Regional Growth Fund Formative and Mid-Term Evaluations, to be undertaken over the next two years until 2014