Regional Development Victoria
Relevent Country: Australia
Type of work: Project and Program Management
Last Date: 17-08-2022
The State Government of Victoria has launched the Investment Fast Track Fund to support the planning and preparation of regional and rural development project proposals to strengthen the project’s investment evidence base and accelerate investment readiness.
The Investment Fast-Track Fund (IFF) focusses on funding activities that mobilise strategic investment projects through fast-track of business case development and planning for medium to longer term projects in regions, and increase the pipeline of investment ready projects, with a focus on leveraging private investment, boosting employment and improving the liveability of rural and regional Victoria.
RJIF supports regional communities in their immediate response and recovery efforts, seeks to address complex local challenges and enable opportunities for future growth. The impact of COVID-19 has seen increased numbers of people living and working in rural and regional Victoria. The Victorian Government recognises the ongoing opportunities to support their growing regions with the infrastructure communities need to thrive and attract a skilled workforce.
IFF is part of the Regional Jobs and Infrastructure Fund (RJIF), ;the Victorian Government’s flagship regional development fund central to driving growth and recovery in rural and regional Victoria. RJIF has been allocated $30 million in 2022-23 to leverage private sector investment, grow and diversify their regional economy, and improve economic and social outcomes to make regional Victoria an even better place to live, work and invest.
Objective
The objective of the Investment Fast-Track Fund program is to accelerate and expand investment in projects of importance for rural and regional communities. This will boost employment, improve liveability, and drive economic growth and prosperity.
Funding Information
Outcomes
The anticipated outcomes are:
What will be funded?
Eligibility Criteria
Applications will be considered from the following legal entities:
business and industry groups including:
incorporated not-for-profit organisations, including community groups that are a:
Source: https://www.rdv.vic.gov.au/grants-and-programs/investment-fast-track-fund