Regional Jobs and Infrastructure Fund

Regional Jobs and Infrastructure Fund

Up to $500 M fund is available from the Regional Jobs and Infrastructure Fund to support major projects, create jobs, building infrastructure and strengthening communities in regional Victoria.

Regional Jobs and Infrastructure Fund (RJIF)

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Regional Jobs and Infrastructure Fund

The Regional Jobs and Infrastructure Fund is the Victorian Government’s $500 million overarching regional development package. It will invest in growing jobs, building infrastructure and strengthening communities in regional Victoria.

As a dedicated regional development fund, the Regional Jobs and Infrastructure Fund addresses key challenges and opportunities to unlock regional Victoria’s growth potential.

 

Background

The economic success of regional Victoria is critical to the longer-term success of the state. Regional Victoria makes an important contribution to Victoria’s economy and liveability and accounts for around one third of the state’s exports. It also has a wide range of economic assets and natural resources. Regional Victoria is home to a quarter of the state’s population. With Victoria’s population set to rise from 5.7 million to 10 million by 2051, regions are well-positioned to accommodate and capitalise on this growth.

The Government welcomes grant proposals from businesses, industry groups, regional and rural local government authorities, government agencies, not-for-profits and community groups from 1 July 2015. This includes from businesses in high-growth sectors such as: medical technology and pharmaceuticals; new energy technology; food and fibre; transport, defence and construction technology; international education and professional services.

 

Funding

The Regional Jobs and Infrastructure Fund programs generally do not have grant caps or matching funding requirements except for the Regional Infrastructure Fund (RIF) Rural Development program stream and the two program streams under the Stronger Regional Communities Plan (SRCP).

In general, the Regional Jobs and Infrastructure Fund seeks to maximise sustained economic benefits from any public contribution and leverage other funding sources.  Applications with higher levels of co-contribution will be favoured.

The Regional Infrastructure Fund Rural Development program has been designed to provide grants for infrastructure up to $500,000 and grants for project and strategic planning up to $50,000 with matching funding thresholds of:

  • $3 of RIF funding to $1 of applicant funding for infrastructure up to $300,000;
  • $2 of RIF funding to $1 of applicant funding for infrastructure over $300,000 and under $500,000;
  • $2 of RIF funding to $1 of applicant funding for project and strategic planning.

 

Eligible Applicants

Generally, the Regional Jobs and Infrastructure Fund programs are open to a broad range of rural and regional businesses, industry groups, government agencies, not-for-profits and community groups. Individuals are not eligible to apply for Regional Jobs and Infrastructure Funding.

 

Programs

Regional Development Victoria (RDV) will administer the Regional Jobs and Infrastructure Fund’s (RJIF) three programs:

  • $250 million Regional Infrastructure Fund will invest in major infrastructure projects that create or enhance the conditions for economic growth and build resilient, diversified and environmentally sustainable regional economies.
  • $200 million Regional Jobs Fund: will help companies grow their workforce, innovate, expand their markets and create the jobs of the future. The RJF will attract investment, with a focus on regional competitive advantage or high growth potential businesses and assist to diversify the regional employment base. The RJF includes the $20 million Food Source Victoria initiative which has its own targeted grants program aimed at growing agrifood exports.
  • $50 million Stronger Regional Communities Plan will improve the liveability of Victoria’s rural and regional towns to help retain and attract population and build community capacity.

 

Media Release

Foster’s main shopping strip is now a more attractive place to stop, shop and socialise with the completion of the $1.67 million upgrade to Main Street officially celebrated today.

Minister for Regional Development, Jaala Pulford today inspected the finished works, which have been completed with a $500,000 grant from the Andrews Labor Government’s Regional Jobs and Infrastructure Fund.

The streetscape has been upgraded with new footpaths, landscaping, street furniture including seats and benches as well as improved parking and underground drainage.

Road treatments have been installed to slow down traffic and a new pedestrian crossing has been built, making the shopping strip safer and more inviting for people on foot.

The design was developed in consultation with the Foster Community Association and Foster Chamber of Commerce, with input on landscaping and street furniture from the broader community.

The increased street appeal will assist business growth, improve the visitor experience, and stimulate economic activity. Through increased retail and market value, the project is expected to create 40 jobs over the next 20 years.

Foster is also a gateway town that services activity within the Wilsons Promontory region and the improved main street will encourage tourists to stop and shop in town.

 

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

2018-07-15T06:02:48+00:00July 9th, 2018|