The Victorian government will create a $150 million fund to help secure private sector investment in priority sectors like advanced manufacturing, defence and health technologies.
Victorian Treasurer Jaclyn Symes revealed the new fund in her Budget speech on Tuesday, earmarking $50 million of the $150 million over the forward estimates for economic growth in regional areas.
It builds on the government’s $240 million commitment to last year’s Economic Growth Statement, which identified five priority areas for future economic growth, and comes ahead of the state’s first industry policy since 2018.
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