Policy & Advocacy
State and Federal finances

Regional Development

Regional Victoria is vital to the state’s prosperity, supporting strong economic performance and job creation. Our regions generate more than $80 billion a year, making up almost 20 percent of the state’s economy, and are home to one in four Victorians, 25 percent of Victoria’s small businesses, and more than 700,000 jobs.

Regional Development

However, economic and employment growth differs widely between geographic locations and regional businesses are being disrupted by rapidly changing technologies every day. Population growth is also putting pressure on regional infrastructure and services which we must address together.

Our focus
  • Gain Funding for specific initiatives identified in Infrastructure Victoria’s refresh of its ‘30-year Infrastructure Strategy’ to address the opportunities and challenges facing regional businesses and communities.
  • Consider the use of tax holidays or concessional tax arrangements to attract new productive investment that makes a significant contribution to Victoria’s regional economic base.
  • Invest in regional education and training that has clear pathways to work or further study.
  • Strengthen visitor demand in regional Victoria by providing secure and competitive funding to key demand-driving organisations (Visit Victoria, Melbourne Convention Bureau, Business Events Victoria).
  • Extend the maximum length of commercial leases in national parks to at least 49 years to encourage increased private sector investment in the upgrade and maintenance of nature-based tourism assets.
  • Establish a Peri-Urban Growth Fund to ensure Victoria’s peri-urban councils can continue to provide the infrastructure and deliver the services their fast-growing communities expect.
  • Further, decentralize key State Government departments and agencies to regional locations.

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