Visitor Economy Recovery and Reform Plan
The Victorian Government will help 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.
The Visitor Economy Recovery and Reform Plan is underpinned by an investment of $633 million and serves as a whole-of-state strategy, with a goal of achieving $35 billion in annual visitor expenditure supporting 300,000 jobs by June 2024.
Informed by the findings of the Regional Tourism Review, the Visitor Economy Recovery and Reform Plan will strengthen the state’s nation-leading tourism offering through the development of new experiences, products and infrastructure.
The plan outlines strategies to attract more international, interstate and intrastate visitors by making the most of marketing expenditure, transforming Regional Tourism Boards and ensuring state-wide collaboration.
The Visitor Economy Recovery and Reform Plan can be viewed in the document below:
Regional Tourism Review
In March 2019, the Minister for Tourism, Sport and Major Events and the Minister for Regional Development commissioned the Regional Tourism Review to ensure our regions get the support and opportunities they need to grow tourism across regional Victoria.
The findings and recommendations of the Regional Tourism Review were provided to the commissioning Ministers in December 2019. The findings were reviewed to ensure they remained current following the 2019-20 summer bushfires and then later incorporated in the development of the Visitor Economy Recovery and Reform Plan to address the impact of the coronavirus (COVID-19) pandemic on the visitor economy across the State.
The complete findings of the Regional Tourism Review are detailed in the document below:
Enabling Tourism Fund
The Enabling Tourism Fund supports regional and rural Victorian tourism projects to reach investment-ready status. It will do this by funding activities such as feasibility studies, master planning and business case development. This fund is part of the Victorian Government’s plan to accelerate tourism investment and recovery under the Visitor Economy Recovery and Reform Plan.
The investment will support activities that increase the pipeline of investment-ready tourism projects. As a result of this fund, more projects will be able to leverage private investment, employ more people, and attract more visitors by offering world-class experiences.
The fund will deliver grants up to $500,000 per project, with a minimum funding amount of $20,000 per project.
Applications are now open. Visit the Business Victoria website for program guidelines, eligibility criteria and to apply.
Regional Tourism Investment Fund
Applications for the Regional Tourism Investment Fund are now closed.
The Fund will support new and innovative tourism infrastructure projects that will increase visitation, drive private investment, and deliver more jobs.
This investment will help revitalise and grow Victoria’s visitor economy and is a key part of the Visitor Economy Recovery and Reform Plan. 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.
Visit the Business Victoria website for more information.
Flagship tourism projects
Ten projects in regional Victoria have been identified as iconic projects, receiving dedicated funding to improve visitor experiences at these locations via the Victorian Budget 2020-21.
The projects are:
- Wilsons Promontory Revitalisation
- Great Ocean Road Revitalisation
- Mallee Silo Art Trail
- Maximising investment in the Grampians Peaks Trail
- Falls to Hotham Alpine Crossing: Stage 1
- Murray River Adventure Trail
- Gippsland Tourism Recovery Package
- Brambuk Cultural Centre Revitalisation
- Ballarat Centre for Photography
- Prosecco Road – Early Works.
Further information will be provided here soon.
Regional Tourism Investment Fund - Stimulus Round
Many of the funds and initiatives outlined in the Visitor Economy Recovery and Reform Plan are already in the early stages of delivery and generating immediate economic benefits.
The $46 million Regional Tourism Investment Fund - Stimulus Round focuses on 30 key local projects that will create immediate jobs in construction and drive visitation and ongoing employment.
A complete list of projects supported by the Fund’s stimulus round is detailed in the document below:
Page last updated: 25 January 2022