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Fast tracking our regional recovery

09/12/2021

The next generation of job-creating infrastructure projects in regional and rural Victoria are being fast tracked as part of the Victorian Government’s investment to ensure our regions thrive into the future.

For the first time development opportunities at the former Aradale Asylum in Ararat, will be unlocked thanks to support from the Investment Fast Track Fund.

The Aradale Solution - Economic and Social Development Strategy is one of a raft of new projects to receive funding through the Investment Fast Track Fund, which is designed to help local councils and communities build the things that matter to locals and help their towns thrive.

The $500,000 Aradale investment will support Ararat Rural City Council to navigate the heritage and planning complexity of the former psychiatric hospital buildings and assets to give the 100 hectare site a second life.

The site features 63 buildings with several of the original 1860s structures deemed to be of state significance. The project will focus on planning to transform the site for mixed-use commercial and residential development, whilst ensuring its heritage is restored.

This is first time a significant strategic plan will be undertaken to identify future opportunities for the site. Melbourne Polytechnic and current site users will be engaged as part of exploring options for its future.

Other projects approved through the Investment Fast Track Fund will be announced in coming weeks.

The Investment Fast Track Fund is taking projects from the ideas phase to be investment and development-ready, 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 Investment Fast Track Fund is part of the Victorian Government’s flagship $156 million Regional Jobs and Infrastructure Fund which helps businesses create more jobs in regional Victoria and supports councils to build the infrastructure locals and visitors need.

The Regional Jobs and Infrastructure Fund is central to Government’s $30 billion investment in rural and regional Victoria since 2015. Information and guidelines for the Regional Jobs and Infrastructure Fund can be found at rdv.vic.gov.au/rjif



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