Established by the Victorian Government and First State Super, the Fund will operate for 10 years and will help to address barriers faced by successful small and medium enterprises (SMEs) that are ready to grow their business but can’t access the funds or find the right partner they need to take the next step.
Providing support to businesses with strong long-term growth prospects that are having difficulty accessing capital is even more critical as a measure to help drive economic recovery and growth in the wake of the impacts of the coronavirus pandemic.
The Fund will back permanent, high-skilled jobs in priority areas of the economy; jobs that improve workforce diversity, jobs for people that have been unemployed or have a harder time gaining employment and jobs for people trying to reskill and for apprentices.
Roc Partners has been engaged to manage the VBGF. The VBGF will be operated out of a new Victorian office, ensuring local knowledge is leveraged to support the success of the Fund.
Find out more about the program here.