Latrobe Valley Industry and Infrastructure Fund (LVIIF)

Up to $1.5M is available for projects that assist with structural adjustment in the Latrobe Valley.

Latrobe Valley Industry and Infrastructure Fund (LVIIF)

 

Overview

The Latrobe Valley Industry and Infrastructure Fund (LVIIF) is a fund designed to assist the Latrobe Valley to manage the challenge of structural adjustment and reposition its economy for sustainable long term growth.

The LVIIF aims to provide assistance to business to support transition and enable growth and diversification to ensure a sustainable future.

 

Background

The Latrobe Valley Industry and Employment Roadmap (the Roadmap), the Victorian Government’s framework for guiding future investment in the Latrobe Valley, outlines a number of strategic directions to diversify its economy in order to meet the significant structural adjustment challenge facing the region.

The energy sector is an important contributor to the region’s economy and the adjustment task, forced on the region by the introduction of a national carbon price, will lead to a restructure of the sector resulting in potential job losses, decrease in economic activity and flow-on effects in the broader economy.

The Victorian Government has expanded the $10 million Latrobe Valley Industry and Infrastructure Fund (LVIIF) with an additional $5 million to broaden the scope to align with the strategic directions of the Roadmap and support businesses to adjust, including small businesses through the provision of smaller grants.

Specifically, the LVIIF will work to strengthen the workforce, invest in infrastructure, support enhanced competitiveness and innovation and attract and facilitate investment into the Latrobe Valley.

 

Eligible Projects

The LVIIF will fund projects that:

  • create new long term jobs and / or secure existing business operations;
  • respond to an identified industry need;
  • leverage private sector investment;
  • increase productivity;
  • expand capacity to produce;
  • enhance competitiveness and / or innovation;
  • provide access to new markets;
  • harness emerging opportunities; and / or
  • provide for increased exports and / or imports substitution.

 

Funding

A total of $15 million is available. The LVIIF will remain open until 30 June 2014.

Applicants are expected to make a financial contribution or source third party funding. Projects should maximise their funding support from a range of sources, including Commonwealth and local government, community, private sector and regional organisations.

There are two levels of grant available:

  • $50,000 – $250,000 – Funding will be available for investments that increase a business or supply chain’s productivity and competitiveness such as:
    • enhancement of capabilities;
    • adoption of new processes;
    • development of innovative products and processes; or
    • infrastructure.
  • >$250,000 – While all of the above are eligible, priority will be given to projects that contain an infrastructure component and can demonstrate broader community benefits.

 

Expert Assistance

Writing a good quality grant application is a critical element in the application process. An application needs to be well thought through, written concisely, have clear objectives and purpose, and show clear links to the objectives of the grant guidelines.

The grant application must answer all questions, provide all required information and respond to the merit criteria. It should also reflect your organisation’s business strategy.

Writing a good application takes time and effort, and requires particular writing skills.

Bulletpoint are expert grant consultants and can assist with all aspects of grant preparation. We are an independent grants consultancy and not affiliated, associated nor endorsed by any government agency.

We know what it takes to secure this grant.

More Information

For further information please contact Regional Development Victoria:

For grants $50,000 to $250,000 contact Marilyn Alborough (03) 5116 7323 or Paul Johnson (03) 5142 0200, and

For grants >$250,000 contact Leigh Clemow (03) 9452 5269 or Mark Kealy (03) 9452 5270

www.rdv.vic.gov.au

 Victorian Business Line on 13 22 15.

 

Previous Recipients

Applicant Project Title Grant
Alpine Trout Farm Alpine Trout Farm Food Processing Plant and Hatchery Project $733,035
Australian Sustainable Hardwoods Australian Sustainable Harwoods Value Adding/Expansion $500,000
Ceres Natural Food Pureharvest Warehouse Extensions $200,000
DJM Fabrication Vic Business Sustainability and Growth – Rail Diversification Initiative $250,000
Drouin West Timber and Truss Drouin West Timber and Truss FutureFit Project $700,000
Elite Pack Food Tray Production Expansion $250,000
Fishers (Latrobe Valley) Fisher’s Pallet and Wood Treatment Upgrade $326,500
GBG Concrete & Construction Precast Concrete Panel Facility Expansion $150,000
Hydro Australia Hydro Australia Capability Improvement Project $280,000
Latrobe City Council Growing Aerospace Manufacturing at Latrobe Regional Airport. $1,500,000
Lion Lion Morwell External Electricity Line Upgrade $490,000
Longwarry Food Park Portion Pack UHT Line $500,000
Maffra Farmhouse Cheese Maffra Cheese Company Capacity Expansion Project $150,000
Morwell Shop Fitters MSF Advanced Manufacturing Processes $150,000
Narkoojee Narkoojee Winery Casual Dining Facility $50,000
Pinegro Products New Packaging Business – Morwell $250,000
Rotafab Machine Tool Modernisation and Integration Project $160,000
Sage Computer Support SAGE Technology Mobilisation and User Interface Unification $250,000
Steeline Gippsland Steeline Gippsland Expanding Capability Project $250,000
Stirloch Constructions Stirloch Construction’s Precast Concrete Manufacturing Facility $350,000
STR Inspection Services STR Business Diversification – Non Destructive Testing $200,000
Victorian American Imports Standing Drive Infrastructure Purchase Development and Production Expansion $173,800

 

Latest Announcement

Minister for Regional Development, Jaala Pulford, has announced that the Victorian State Government will suspend payments to Covino Farms, in light of disturbing allegations of worker exploitation and abuse.

The funds, approved by former Minister for Regional and Rural Development, Peter Ryan, in August 2013,  provided Covino Farms with a grant of up to $1.5 million, as part of the previous Coalition Government’s Latrobe Valley Industry and Infrastructure Fund (LVIIF).

Under the agreement, Covino was required to employ 60 new full time equivalent workers and retain 200 existing jobs.

A year later, Mr Ryan approved a variation to the definition of “employees” in the agreement, to include contract workers.

Ms Pulford confirmed at the Public Accounts and Estimates Committee (PAEC) hearings, that no payments had been made to date, and that until Covino Farms complied with its legal and contractual responsibilities, funding would be withheld.

Ms Pulford’s decision builds on the Victorian State Government’s commitment to stamp out the exploitation of workers in Victoria by rogue labour hire companies, including undertaking an inquiry into sham contracting and phoenix companies.

2017-02-09T17:12:32+00:00May 28th, 2015|