Regional Tourism Investment Fund
The fund supports new and innovative tourism infrastructure projects that increase visitation, drive private investment, and deliver more jobs.
Overview
The Regional Tourism Investment Fund will drive the recovery and sustainability of regional Victoria's visitor economy by catalysing private and public investment and facilitating new and innovative tourism infrastructure projects. This investment will help revitalise and grow Victoria’s visitor economy and is a key part of the Visitor Economy Recovery and Reform Plan (VERRP). The VERRP focuses on key experience pillars that are sustainable competitive strengths for Victoria, and which provide significant opportunities for growth. Pillars relevant to the Regional Tourism Investment Fund (RTIF) – Competitive Round are: Nature, Epicurean, Arts and culture and First Peoples' led experiences.
The Regional Tourism Investment Fund is now closed for applications.
Objectives of Program
The objectives of the Regional Tourism Investment Fund are:
- Deliver strategic tourism infrastructure projects that will increase visitation, improve quality of customer experience, and increase visitor yield and length of stay.
- Deliver projects that broaden Victoria’s tourism offering, and support and encourage year-round visitation and dispersal across regional Victoria.
- Leverage and facilitate private sector investment, including through strengthening public tourism infrastructure.
- Drive new jobs and improved outcomes for the State’s visitor economy.
Funding Details
The fund provides grants up to $10 million per project, with a minimum funding amount of $150,000 per project, focussing on four growth sectors identified in the Visitor Economy Recovery and Reform Plan – nature, epicurean, arts and culture, and First Peoples’ led experiences.
The Regional Tourism Investment Fund is now closed for applications.