Back

Department of Economic Development, Jobs, Transport and Resources (DEDJTR)

Department of Economic Development, Jobs, Transport and Resources

The department works to increase jobs, investment, exports and opportunities in Victoria. Its integrated and strategic approach stimulates innovation, competitiveness, confidence and sustainability in Victoria's economy. IT does this through a vast range of initiatives, including several grant programs to help leverage further investment and spur jobs and growth.

Visit the DEDJTR website

Future Industries Fund

The $200 million Future Industries Fund is administered by the (Victorian) Department of Economic Development, Jobs, Transport and Resources. It is focused on industry sectors that have the potential to drive significant jobs growth and attract investment into the future.

Name Manufacturing Program
Potential Value Co-contribution

Grants of up to $500,000.

Recipients are required to provide a co-contribution of $3 for every $1 granted.

Eligible Businesses

Victorian-based companies implementing new manufacturing technologies and processes that will:

  • generate sustainable new local jobs including high-value jobs
  • improve productivity and competitiveness
  • target new growth opportunities

Scope

The grant supports projects that will deliver on the program objectives by undertaking activities such as:

  • the purchase and implementation of capital equipment
  • manufacturing product and process improvements
  • prototyping, evaluation and testing of new manufacturing products and processes

Name Sector Growth Program
Potential Value Co-contribution

Grants of up to $1 million.

Recipients are required to provide a co-contribution of $1 for every $1 granted.

Eligible Businesses

The Sector Growth Program provides grant funding for projects designed to support the Future Industries Sector Strategies.

Specifically, projects that will:

  • drive growth, productivity and competitiveness of Victorian firms;
  • encourage collaboration between organisations operating in the future industry growth sectors;
  • leverage co-investment into projects with clearly defined outputs/outcomes;
  • create new sustainable local jobs for Victorians; and
  • Offer value for money from Government funding.

Scope

  • Stream 1 – Scoping, Planning and Feasibility
    Grants of up to $100,000 for scoping, planning and feasibility studies directed at identifying opportunities consistent with the Future Industries Sector Strategies and offering potential for growth of Victorian businesses.
  • Stream 2 – Project Implementation
    Grants of up to $1 million to implement projects (i.e. work with defined activities, timelines, budgets and outcomes) consistent with the Future Industries Sector Strategies that will generate new jobs and increase competitiveness of Victorian firms.