Enabling Tourism Fund

Enabling Tourism Fund

What is the Enabling Tourism Fund?

The Enabling Tourism Fund provides up to $8 million to regional and rural Victorian tourism infrastructure projects to achieve investment-ready status. This initiative supports planning activities like feasibility studies, master planning, and design to bolster Victoria’s tourism sector.

Background

In an effort to enhance Victoria’s appeal as a premier travel destination, the Enabling Tourism Fund 2024 has been established to nurture the growth and development of the region’s tourism infrastructure. Recognising the unique charm and potential of regional and rural Victoria, the government aims to invest in projects that align with the five product priorities outlined in Experience Victoria 2033: First Peoples-led experiences, wellness, arts and culture, food and drink, and nature. This strategic investment underscores the government’s commitment to diversifying and enriching Victoria’s tourism offerings, driving economic growth, and ensuring the sustainability of its tourism industry.

Objectives

The objectives of the Enabling Tourism Fund (ETF) are to foster the development of Victoria’s tourism sector by preparing high-potential projects for investment readiness. This initiative aims to:

  • Create a robust portfolio of tourism infrastructure projects, advancing them to investment-ready status.
  • Elevate strategic tourism infrastructure projects to enhance visitor numbers, enrich customer experiences, and boost visitor spending and duration of stay.
  • Expand Victoria’s tourism appeal by developing projects that promote all-year visitation and spread tourism benefits across regional areas.
  • Stimulate private sector investment by supporting public tourism infrastructure, thereby amplifying the impact and reach of the fund’s objectives.

Through these focused objectives, the ETF aims to significantly contribute to the growth and diversification of Victoria’s tourism infrastructure, ensuring sustainable development and broader economic benefits across the region.

Eligible Entities

Applicants must meet the following criteria to be eligible under the program:

  • Private sector proponents – Privately-owned or commercial organisations predominantly funded through private capital.
  • Local and State Government entities in Victoria, including:
    – Public Land Managers
    – Land Management Authorities and Committees of Management
    – Local Government Authorities
    – Victorian Alpine Resorts, as defined under the Alpine Resorts (Management) Act 1997
    – State or Local Government owned entities
  • Incorporated associations and Not-for-profit organisations, including community groups that are incorporated bodies, cooperatives, or associations.
  • Traditional Owner Corporations, organisations and groups, and Aboriginal-owned businesses.

Additional Requirements for Eligible Applicants:

  • Must possess an Australian Business Number (ABN).
  • Must be financially solvent.

Eligible Expenditure

Eligible activities can include, but are not limited to:

  • Conducting feasibility studies to assess new tourism opportunities.
  • Creating master plans for the development of tourism sites.
  • Undertaking design work for tourism infrastructure projects.
  • Developing business cases to attract further investment.
  • Implementing stakeholder and community engagement strategies.
  • Formulating funding strategies for project investment readiness.
  • Preparing detailed design packages for project implementation.
  • Engaging in activities that prepare projects for infrastructure investment.

Timing

Applications for the Enabling Tourism Fund applications close 28 March 2024 at 5PM AEST.

 

More Information

Source
Guidelines

 

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