The Victorian Government is helping to revitalise and grow Victorian tourism after the impacts of bushfires and the global pandemic, with a roadmap outlined in the Visitor Economy Recovery and Reform Plan (VERRP). The Regional Tourism Investment Fund will provide up to $10m per project to support new and innovative tourism infrastructure projects that will increase visitation, drive private investment, and deliver more jobs.

Deadline

Registrations of Interest will be accepted until 11:59pm AEDT on Friday 7 January 2022.

Overview and Grant Amount

The fund will deliver grants up to $10 million per project, with a minimum funding amount of $150,000 per project, focusing on four growth sectors identified in the VERRP – nature, epicurean, arts and culture, and First Peoples’ led experiences.

Co-contributions are required as part of the Regional Tourism Investment Fund (RTIF) grant funding. The rate of co-contribution varies depending on the applicant, and is detailed below:

• Private: Applicants must contribute $2.00 for every $1.00 of RTIF grant funding
• Public and Not for Profit:
  • Applicants in a Tier 1 Location must contribute $1.00 for every $2.00 of RTIF grant funding
  • Applicants in a Tier 2 Location must contribute $1.00 for every $3.00 of RTIF grant funding
• Traditional Owner: Applicants must contribute $1.00 for every $3.00 of RTIF grant funding

Applicants are encouraged to read through the program guideline for further details.

Eligibility and Criteria

To be eligible, a business must be:

• private sector proponents (defined as an individual, privately-owned or commercial organisation that has overall control and responsibility for project that is predominantly funded through private capital)
• local and State Government entities, including Public Land Managers, Land Management Authorities and Committees of Management, Local Government Authorities, Alpine Resort Management Boards and State or Local Government owned entities
• incorporated associations, or;
• not-for-profit organisations, including community groups that are an incorporated body, cooperative or association; or Traditional Owner Corporations, organisations and groups, and Aboriginal-owned businesses

Eligible businesses must also:

• be an incorporated body, cooperative or association (including business associations)
• hold an Australian Business Number (ABN), and
• be financially solvent.

Projects eligible for funding must be in an eligible project location (see program guidelines) and must be:

• new tourism infrastructure and/ or significant enhancements that build on existing infrastructure; or
• enabling infrastructure that directly and demonstrably unlocks private tourism investment

Expert Assistance

Treadstone experts can help you understand government grants and maximise the benefits for your business. We have been helping clients since 2008 and our clients can testify to our proven success record. Working with us means you get the maximum grant with minimum risk and effort. Our expertise include R&D Tax Incentive registration and tax schedules, Export Grants, Capital Expenditure and Infrastructure Grants.

Get in touch with us and let’s discuss this more in detail.

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