Need Infrastructure Funding?

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What is the Regional Infrastructure Fund

The Regional Infrastructure Fund provides funding to improve local infrastructure and services, creating jobs and boosting business opportunities within Regional Victoria and is delivered by Regional Development Victoria (RDV).

 

Objectives

The objectives of the RIF are:

  • to increase economic and social benefits through improved community access and usability of precincts
  • to increase economic and social benefits through investment in strategic infrastructure.

 

Priority Areas

In the past, the Regional Infrastructure Development Fund has focused on six priority areas:

  • Tertiary education;
  • Sustainable industries;
  • Industry investment and development;
  • Tourism;
  • Transport and access; and
  • Community and cultural infrastructure.

 

Success Stories

Greater Shepparton City Council

Bulletpoint assisted the Greater Shepparton City Council to receive $7.19 M towards the Greater Shepparton Regional Sports Precinct.

This project will substantially expand the capacity of the 65 hectare Greater Shepparton Regional Sports Precinct (GSRSP) by building new fields and facilities for a range of sports. It will provide modern infrastructure for the site, including a linking boulevard, fencing, landscaping, playgrounds,signage, car parks, traffic signals and supporting works.

The project will include construction of five new football fields, a new synthetic hockey pitch and athletics track, and eight new netball courts, together with upgrades to existing multipurpose fields. New lighting, pavilions and improved spectator amenities feature in most elements of the project.

Background

The Regional Infrastructure Fund is the main infrastructure program of the Regional Jobs and Infrastructure Fund (RJIF). It aims to harness key regional strengths to improve regional Victoria’s productivity and liveability. It invests in major infrastructure projects that create or enhance the conditions for economic growth, and build diversified and sustainable regional economies that are resilient to change.

 

Program Streams

The Regional Infrastructure Fund provides public grant funding for the following four program streams:

Visitor Economy
This program stream aims to harness the economic strength of regional Victoria’s visitor economy. It will create new or redevelop existing tourism and cultural assets that improve the attractiveness of regional Victoria and stimulate increased visitation and private sector investment. These projects will diversify regional Victoria’s economic and social base.

Productive and Liveable Cities and Centres
This program stream aims to stimulate new investment opportunities and jobs growth. It aims to increase the use and dollar-spend within regional Victorian cities, centres, towns and precincts as well as improve access and connectivity to transport, retail and service hubs. Projects supported under this program stream will coordinate a number of economic and social services and activities and create or enhance economic growth conditions.

Enabling Infrastructure
This program stream supports regional industries to innovate, build resilience and improve adaptability to changing economic and environmental conditions. This program stream recognises that investments in strategic and enabling infrastructure are critical to providing a competitive environment for existing and emerging regional industries to operate in.

At the same time, they help unlock the region’s growth potential.

Rural Development
This program stream will assist rural Victorian businesses and communities to create opportunities for economic growth. It will also assist in enhancing the appeal and liveability of rural towns and surrounding areas by improving local infrastructure.

 

Eligible Projects

Regional Infrastructure Fund applications will need to demonstrate the proposed project’s ability to meet a significant number of criteria.

Funding will be provided for projects that:

  • improve the economic performance of a precinct
  • improve business, transport, retail, education, social, cultural, industry or community linkages
  • provide multi-purpose infrastructure, suitable and accessible for a wide range of business and community groups such as business hubs, co- working spaces, community and event facilities
  • support cultural initiatives of economic significance to the region such as renewal of buildings and sites, arts and cultural centres or resource facilities.

Some of the criteria for assessment of Regional Infrastructure Fund may include:

  • Does the proposed project attract new investment, or complement other investments in your region?
  • Demonstrate how the proposed project will create new jobs
  • Show how the proposed project facilitates the integration of your region into global markets, including opportunities for exports or import replacement.
  • Identify any other ways in which your project will stimulate or maintain economic growth in your region
  • Demonstrate how the proposed project enjoys relevant local community and/or industry support.
  • Show how the proposed project is consistent with ESD during construction and operational phases
  • Indicate how the proposed project will contribute to or build on identified key regional strengths and how it adds value and benefit to existing products and services.
  • Demonstrate how the proposed project provides an adequate social return to the community, and indicate who else will benefit from this project.
  • Show how the proposed project is consistent with objectives and key outputs of local or regional economic development strategies, including Municipal Strategic Statements
  • State how the proposed project is consistent with the Victorian Government’s stated policy commitments to regional Victoria.
  • Identify project risks and how these are to be managed
  • Demonstrate that your project is financially viable in construction and operation.
  • Identify the opportunities for increasing the skills of Victorians and Australians and the potential to undertake innovation, research and the development of technology.

 

Eligible Applicants

Regional Infrastructure Fund applications will be considered from:

  • 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
  • higher and other education institutions Individuals are not eligible to apply.

 

Timing

Regional Infrastructure Fund applications open on an ongoing basis.

 

Need Infrastructure Funding?

Call 1300 658 508

 

Latest Recipient

Timboon will have a new and improved town centre thanks to funding from the Andrews Labor Government that will improve traffic flow, functionality and accessibility of the south west Victorian town.

Minister for Regional Development Jaclyn Symes was in Timboon this morning to announce $300,000 for a new town centre activation plan under the Labor Government’s Regional Infrastructure Fund.

This project will expand the capacity of Timboon to accommodate more visitors to the town, enhance its functionality and improve and better present its environmental assets.

It will provide an additional 30 car parks, a footbridge and upgraded pedestrian connections to all parts of the town centre, with environmental and amenity benefits.

The next stage of funding for the town centre activation follows previous funding allocations from the Labor Government to the Timboon CBD revitalisation and the boutique Timboon Fine Ice Creamery.

This year’s Regional Infrastructure Fund was advertised through a competitive round-based process, to ensure that high quality projects receive the support they need to deliver much needed infrastructure to regional towns with grants of up to $500,000 available to councils and council-sponsored projects.

The Regional Infrastructure Fund is part of the Labor Government’s flagship Regional Jobs and Infrastructure Fund which helps businesses create more jobs in regional Victoria, supports community projects and assists councils to build the infrastructure locals need.

The Regional Jobs and Infrastructure Fund is a cornerstone of the Government’s record $2.6 billion ‘Delivering for Regional and Rural Victoria Program’ unveiled in last year’s State Budget.

The investment is delivering quality education, health, transport and record jobs and keeping the unemployment rate for regional Victoria the lowest regional rate in the country.

 

Previous Recipients

ApplicantProject NameGrant
Midfield Meat InternationalMidfield Group Capacity Upgrade$1,500,000
ViPlus DairyViPlus Toora Milk Plant Development – Stage 2$1,500,000
W. Ryan AbattoirsRyan Export Upgrade Project$1,375,000
Parks VictoriaGrampians Peaks Trail – Stage Two$1,200,000
Tatura AbattoirsTatura Abattoirs Expansion Project$1,200,000
Phillip Island Nature Parks AustraliaNobbies and Summerland Peninsula Tourism Expansion Project$1,200,000
Pactum Dairy GroupPactum Dairy Group (PDG) Future Ready$1,000,000
Unilever Australia TradingUnilever Tatura Investment Project$879,930
Deakin Residential ServicesStudent Housing – Geelong$853,710
WorkcoUpgrade of Longerenong College Student Residential Facilites$666,667
Murray DairyMurray Dairy Accelerating Change$485,969
Alysium GardensAlysium Gardens Aged Care$420,000
Brandy Creek Winery & View CafeBrandy Creek Spa and Wellness Centre$250,000
Pactum Dairy GroupUltra High Temperature Dairy Milk Processing Plant$250,000
Australian Fresh SaladsVegetable Processing Expansion Project$200,000
Kagome Foods AustraliaInstallation of a Permanent Beetroot Line$200,000
CTE-Custom Transport EquipmentCTE – Weerong Road Expansion$200,000
Gippsland Body BuildersDarcan Way Expansion and Equipment Upgrade$150,000
Australian Trailer ManufacturersRelocation & Expansion of Australian Trailer Manufacturers$150,000
Gibsons GroundspreadGibson Ground Spread Expansion Project$150,000
Maffra Farmhouse CheeseSoft and Club Cheese Production Expansion Project$150,000
Park AvenueClean Room Laundry Expansion$150,000
Safetech Tieman SolutionsSafetech Capacity Expansion$150,000
Riviera FarmsInfrastructure & Processing Expansion Project$135,000
K & R J Matthews QuarriesTyers Quarry Plant Upgrade$100,000
Barolli OrchardsBarolli Export Expansion Opportunity Project$90,000
CasalareKyabram Food Packing and Filling Facility$72,000
ACN OrchardsACN Orchards Export Opportunity Expansion Project$60,000
Boumbis OperationsBoumbis Orchards Export Expansion Opportunity Project$60,000
Latrobe Valley Bus LinesLatrobe Valley Bus Lines Workshop and Body Shop Upgrade$50,000
Latrobe Valley SandsLatrobe Valley Sands Expansion Project$50,000
Spectrum SalesSpectrum Outbound Sales$50,000
Toolamba FreshToolamba Fresh Expansion Project$30,000

 

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