Regional Development Victoria

Regional Development Victoria

Regional Development Victoria (RDV) delivers the Victorian Government’s agenda to drive jobs and more prosperous communities in regional Victoria. RDV helps to create a stronger regional Victoria through job creation, better infrastructure and new investment.

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Regional Jobs and Infrastructure Fund

The Regional Jobs and Infrastructure Fund (RJIF) is the Victorian Government’s overarching regional development package. It will invest in growing jobs, building infrastructure and strengthening communities in regional Victoria.

Regional Development Victoria (RDV) manages the RJIF’s three programs, of which, the RIF and RJF are applicable to investors and waste and resource recovery:

  • Regional Infrastructure Fund (RIF)
  • Regional Jobs Fund (RJF)
  • Stronger Regional Communities Plan (SRCP)

Eligible potential recipients include regional and rural local government authorities, government agencies, not-for-profits, community groups and businesses. This includes from businesses in high-growth sectors such as: medical and new energy technology; food and fibre; transport, defence and construction technology; international education and professional services.

Learn about the Regional Jobs Fund Learn about the Regional Infrastructure Fund

Name Regional Jobs Fund
Potential Value Co-contribution

There are four program streams, as follows:

None have publicly available specified values for funding support or co-contribution. Contact your local RDV office for more detailed information.

Eligible Businesses

The RJF is accessible to a wide variety of groups across the community, business and government sectors, as follows (note: eligibility also depends on the specific program stream):

  • private sector businesses and agencies
  • business and industry groups including:
  • chambers of commerce and business associations
  • industry peak bodies
  • business and industry clusters and networks
  • local government authorities
  • government agencies
  • not-for-profit organisations and community groups that:
  • are an incorporated body, cooperative or association
  • have an Australian Business Number (ABN) or can provide written advice from the Australian Tax Office that no withholding tax is required from the grant payment
  • higher education and private training institutions
  • regional organisations e.g. regional strategic planning alliances

Preference is given to those proposals which seek to enhance market access to grow new market opportunities and invest in potential high-growth and emerging sectors including but not limited to:

  • food and fibre
  • professional services
  • new energy technology
  • medical technology, life sciences and healthcare
  • transport, defence and construction technology
  • international education
  • the visitor economy

Scope

Investment Attraction:

  • new investment or bringing forward investment in existing regional businesses that creates jobs
  • targeted investment assistance and incentives for businesses to move to, or expand into, regional Victoria involving new capital investment and job creation
  • introduction of new manufacturing capability, new technology, process change or plant modernisation, which results in business growth and jobs creation
  • opportunities to grow emerging businesses or diversify existing operations

Innovation and Productivity

  • integration of new technology and/or processes designed to improve productivity and competitiveness, strengthen capabilities and have a transformative impact on business models through encouraging wider and ongoing innovation
  • specific infrastructure, plant or equipment that improves the efficiency and competitiveness of regional businesses
  • common infrastructure projects that aim to address known regional infrastructure challenges that impact on industry sustainability and limit expansion
  • industry clusters/networks that bring together representatives of regional businesses, research centres and government to strengthen regional supply chains and competitiveness through collaboration and innovation
  • enhance workforce capabilities to support investment in new technologies and processes that improve the productivity of businesses

Employment Precincts:

  • provision of infrastructure and servicing that facilitates long-term commercial investment by a foundation business or anchor tenant that creates jobs and encourages innovation in a precinct
  • development or facility upgrades that enhance business growth, jobs creation and innovation potential of existing employment precincts
  • development of new precinct ‘stages’ that enhance business growth, job creation and the innovation potential of existing employment precincts
  • development of new precincts in geographically specific and strategic locations that optimises existing economic assets, provide strong connections to new markets and enhance the region’s capacity to attract new investment in growth sectors

Market Access:

  • strategic export development planning and capabilities development aimed at improving regional businesses’ understanding of and access to new and emerging markets
  • targeted industry cluster/network development projects (including educational activity and exploration of the feasibility of exporting, accessing new markets or building business capability)

Name Regional Infrastructure Fund

Note: Only streams relevant to waste and resource recovery investment have been included

Potential Value Co-contribution

Enabling Infrastructure 
Applicants are expected to make a financial contribution or source third-party funding. Projects should maximize their funding support from a range of sources including commonwealth and local government, community, private sector and regional organizations. ‘In kind’ contributions are not accepted as part of the funding contribution except in the Rural Development program stream.

Productive and Liveable Cities & Centres 
Applicants are expected to make a financial contribution or source third-party funding. Projects should maximize their funding support from a range of sources including commonwealth and local government, community, private sector and regional organizations. ‘In kind’ contributions are not accepted as part of the funding contribution except in the Rural Development program stream.

Rural Development

  • Infrastructure:

    • $0-300,000: One dollar for every three dollars from RDV
    • $300,000-500,000: One dollar for every two dollars from RDV
  • Project and strategic planning:

    • $0-50,000: One dollar for every two dollars from RDV

In-kind contributions will be considered for co-contribution requirements, under certain conditions (see project page)

Eligible Businesses

The RIF is accessible to a wide variety of groups across the community, business and government sectors, as follows (note: eligibility also depends on the specific program stream):

  • private sector businesses and agencies
  • business and industry groups including:
  • chambers of commerce and business associations
  • industry peak bodies
  • business and industry clusters
  • local government authorities
  • government departments and agencies
  • not for profit organisations and community groups that:
  • are an incorporated body, cooperative, or
  • have an Australian Business Number (ABN) or can provide written advice from the Australian Tax Office that no withholding tax is required from the grant payment

Note: higher and other education institutions and individuals are not eligible to apply.

Preference is given to those proposals which seek to enhance market access to grow new market opportunities and invest in potential high-growth and emerging sectors including but not limited to:

  • food and fibre
  • professional services
  • new energy technology
  • medical technology, life sciences and healthcare
  • transport, defence and construction technology
  • international education
  • the visitor economy

Scope

Enabling Infrastructure

  • Projects that facilitate innovative solutions to infrastructure constraints which support multiple beneficiaries in regional Victoria and help grow the economic potential of the region.
  • projects that support innovation in an industry’s management of its key infrastructure and offers a model that lifts industry standards (e.g. conversion of waste to energy)
  • access to utility services (i.e. water, energy, waste) that builds resilience and unlocks the growth potential of a business
  • water and energy demand management measures that address the security and reliability of supply, while improving the businesses’ operational sustainability
  • internal energy integration and water recycling or use of other non-potable supplies in fit-for-purpose applications which build resilience, secure existing regional businesses’ operations and provide certainty for future growth
  • transport infrastructure that directly supports economic activity and precincts
  • projects that deliver improved supply chain efficiency

Productive and Liveable Cities & Centres

  • developing new precincts that include a mix of retail, transport, community, cultural and business activities
  • creating new or revitalising existing precincts that create or enhance the conditions for economic growth through the delivery of improved employment, economic, training and education outcomes
  • activation of existing underperforming precincts that show potential to provide significant benefit to the regional communities’ economic and social base
  • unifying existing, or creating new heritage, cultural or arts precincts that offer a range of visitor and resident experiences

Rural Development

  • improve economic performance
  • harness key regional strengths
  • improve the liveability and attractiveness of rural towns
  • enhance the resilience and competitiveness of the location