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.
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
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