In Regional

Victoria Deputy Premier Peter Ryan

Victoria Minister for Regional and Rural Development Peter Ryan

Coalition To Legislate $1 Billion Regional Growth Agenda

Victor P Taffa

Regional Victorians will enjoy new prosperity, more opportunities and better quality of life through projects supported by the Victorian Liberal Nationals Coalition Government’s $1 Billion Regional Growth Fund, Deputy Premier and Minister for Regional and Rural Development Peter Ryan said today.

Introducing the new Regional Growth Fund Act into Parliament, Mr. Ryan said the Regional Growth Fund was the Coalition’s $1 Billion commitment to drive Regional Development in Victoria.

“The Regional Growth Fund supplements, not replaces, general Government Expenditure. It is driven from the ground up, reflecting and embracing local communities and Regional priorities.” Mr. Ryan said.

“Money is allocated based on the specific needs of local communities, rather than the priorities of the government, as was the case under Labor. Importantly, the Regional Growth Fund will provide the flexibility for communities to have a strong regional voice and take a front seat in driving further growth and prosperity.”

Mr Ryan said the Regional Growth Fund would:

  • Provide better infrastructure, facilities and services;
  • Strengthen the economic and social base of communities;
  • Create jobs and improve career opportunities for regional Victorians;
  • Support local project development and planning.

Mr. Ryan said the fund was 60 % strategic, supporting economic projects that provided better regional infrastructure, facilities and services.

“This includes a $100 Million commitment to extend Natural Gas across Regional Victoria and the provision of infrastructure that facilitates jobs growth and industry investment, building tourism and diversifying the regional economy.” Mr. Ryan said.

“The remaining 40 % of the fund targets key local projects, and is divided into the Local Government Infrastructure Account and the Putting Locals First program, which focus on locally-identified priority projects.”

“Together, the two streams of funding will ensure an appropriate balance is achieved that will best support regional Victorians to achieve growth, prosperity and a better quality of life.” Mr. Ryan said.

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