Victorian Regional Jobs and Infrastructure Fund

Posted: 10 February 2022

The $156 million Regional Jobs and Infrastructure Fund (RJIF) is one of the Victorian Government’s key regional development packages and will be crucial in driving recovery in rural and regional Victoria. It will create and retain jobs, leverage private sector investment, grow and diversify our significant regional economy, enable regional population growth, improve the liveability of our cities, centres and towns, and improve economic and social outcomes for over 1.5 million regional Victorians to make regional Victoria an even better place to live, work and invest.

The intended outcomes of the program

The fund will focus on priority projects to meaningfully support regional communities in their immediate response and recovery efforts, address complex local challenges and lay the groundwork for future growth.

The RJIF has five strategic objectives:

  1. drive long-term regional growth through support of key economic development projects and the delivery of community-led responses to social and economic challenges.
  2. support regions and industries to recover from the coronavirus (COVID-19), pandemic, economic transition and natural disasters by leveraging opportunities to create jobs of the future and diversify the regional employment base.
  3. catalyse and increase private sector project investment in regional Victoria and respond to market failures that prevent high quality and transformative economic projects in the regions from reaching the shovel-ready investment stage.
  4. improve productivity and enhance the long-term competitiveness of regional Victoria through innovation and transition to new growth opportunities.
  5. Improve the livability of our cities, centres and towns to attract and retain families and young people to live and work.

Regional Development Victoria (RDV) administers the programs within the RJIF. Current programs include the Regional Job Fund and the Regional Infrastructure Fund:

Regional Jobs Fund

The RJF is a competitive fund with applications received throughout the 2020-21 and 2021-22 financial years, or unless the funds are exhausted prior. Grant amounts will vary depending on scope.

The Regional Jobs Fund (RJF) looks to support projects which create employment opportunities across industry sectors where regional competitive advantage exists. This includes, but is not limited to:

  • food and fibre
  • advanced manufacturing
  • professional services
  • new energy technology
  • medical technology, life sciences and healthcare
  • transport, defence and construction technology

The RJF provides Victorian Government financial assistance primarily to businesses seeking to develop and expand operations in regional Victoria.

The aim of the RJF is to attract new investment, create new jobs, and in some cases retain existing jobs in regional Victoria and to support businesses to improve their productivity and competitiveness.

Examples of previously funded projects can be found here.

Get further details on this program

Regional Infrastructure Fund

The Regional Infrastructure Fund Round Two has closed and the fund is not currently accepting applications.

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