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Regional Recovery Fund

The spread of coronavirus (COVID-19) and the resulting measures to protect communities has caused significant economic, social and environmental impacts. These impacts are being felt differently in Regional Victoria. The Regional Recovery Fund was established to help address these impacts, and those caused through bushfires and drought.

Overview

Local economic recovery

The Regional Recovery Fund (RRF) was established through the Victorian Budget 2020/21 with an allocation of $10 million over two financial years, 2020-21 and 2021-22.

The RRF has been established to provide flexible support for regional economic recovery, stimulating socio-economic growth and recovery, by investing in projects and innovative ideas that address regional needs, priorities addressing those immediate and persisting challenges, and opportunities (place-based needs).

Funding priority will be given to projects and programs that align with and/or support those priorities by the five Regional Recovery Committees and community engagement activities.

The Regional Recovery Fund is now closed for applications.

Objectives of Program

The Fund aims to:

  • support place-based recovery initiatives;
  • support locally led approaches to identify the most appropriate actions (e.g. planning activities);
  • support businesses to create new jobs or secure at-risk jobs;
  • meet the different socio-economic needs of each region; and
  • leverage off private sector or local government investment wherever possible.

Funding Details

An upper limit of $500,000 in funding will apply to individual projects.

Applicants are encouraged to seek financial contributions from other third-party sources. Projects should maximise their funding support from a range of sources, including commonwealth/local government, higher and other education institutions, and community, private sector and regional organisations. In-kind contributions can be included as part of the total project costs.

Applicants may submit grant applications for more than one project. Applicants will be asked to indicate which project they consider to be their priority.

The Regional Recovery Fund is now closed for applications.

Download Resources

Resource Download
RRF Application Guidelines (392.5 KB ) Download

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