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Victoria outlines $10M infrastructure plan and initiatives to boost Gippsland business growth and attract investment

The Victorian government's Economic Growth Statement includes $10 million investment in infrastructure, initiatives to support regional businesses, attract investment, boost exports, and reduce regulations for growth in key sectors.

By news@gippsland - 13th December 2024 - Back to News

Victoria is open for business - with the Victorian government this week outlining its plans for regional Victoria as part of the Economic Growth Statement. As part of the plan, we will invest $10 million to bring forward trunk infrastructure - for things like water supply, sewerage, roads, and electricity - to open up more industrial land across regional Victoria.

Victoria's Economic Growth Statement outlines $10 million investment in infrastructure and initiatives to support business growth and attract investment in regional areas like Gippsland

Driving regional investment

The Statement also includes a range of initiatives to make it easier to do business and attract investment to regional Victoria, including:

• Piloting Regional Launching Pads - shared collaboration spaces for local businesses, entrepreneurs, and investors to connect and grow
• Developing a new website to showcase regional investment opportunities
• Investing $20 million in growing Victoria's priority sectors - including advanced manufacturing, circular economy, health technology, and agribusiness - to drive the state's economic future
• Boosting exports with a $10.9 million package that will help more Victorian small and medium-sized businesses take their products to global markets and identify new markets
• Developing agricultural applications of RNA technology, with new funding for research and manufacturing
• Cutting regulation to save businesses time and money, with a focus on smarter, simpler processes that reduce red tape and unnecessary permits

Businesses are encouraged to contact their local Regional Development Victoria office for more information. For more information about the Economic Growth Statement, visit Victoria State Government website.

Pictures from Regional Development Victoria website.

Source: http://gippsland.com/

Published by: news@gippsland.com