Fast-tracking investment to support regional recovery04/06/2021
New job-creating infrastructure projects are being fast-tracked across regional and rural Victoria to ensure our regions continue to thrive.
The Victorian Government has announced the new Investment Fast Track Fund is open for applications as part of the Victorian Government’s program to support local jobs and communities.
The Investment Fast Track Fund will help take important projects from the ideas phase to be ready for development, with grants of up to $500,000 available to local councils, community organisations and the private sector for planning, design and business case works.
The fund is part of the Government’s flagship $156 million Regional Jobs and Infrastructure Fund, which helps businesses create jobs in regional Victoria and supports councils to build the infrastructure locals and visitors need.
The Government has announced almost $700 million and created around 11,000 jobs across regional and rural Victoria since the Regional Jobs and Infrastructure Fund was established in 2015.
This investment is making our regions even better places to live, work, visit and invest by growing jobs, leveraging private sector investment, and improving community and visitor facilities.
The Investment Fast Track Fund aims to support a new pipeline of projects across the state to encourage continued private sector investment.
The opening of the Investment Fast Track Fund comes after the recent announcement of the Regional Infrastructure Fund – Stimulus Round. Also part of the Regional Jobs and Infrastructure Fund, the stimulus round aims to create jobs by funding priority community projects that can be activated quickly, helping regions to recover and thrive.
Applications for the second round of the Regional Infrastructure Fund’s 2020/21 program are due to open on 16 June.