The Latrobe Valley Economic Development Program
The Latrobe Valley is a region with many strengths and advantages such as highly skilled workers, abundant natural resources, excellent education and training facilities and well-developed infrastructure. However, significant challenges such as high unemployment rates, some areas of disadvantage and the closure of the Hazelwood mine and power plant have had an adverse impact on the local economy.
The Victorian Government is strongly committed to supporting the Latrobe Valley. As part of this support, the department is delivering a suite of coordinated programs to support workers, businesses and families to help strengthen and diversify the Latrobe Valley economy.
Working closely with the community, businesses, the Latrobe Valley Authority, unions and local and Commonwealth governments, the department will deliver the $40 million Latrobe Valley Economic Development Program aimed at driving outcomes that benefit locals and align with their vision of the region's future by:
- helping local businesses grow, attracting new investment and new job creation through the Latrobe Valley Economic Facilitation Fund
- supporting supply chain businesses through the Latrobe Valley Supply Chain Transition Program
- investing in the Latrobe Valley Hi-Tech Precinct to promote innovation, productivity and job creation in Latrobe and Gippsland with a focus on growing sectors
- helping businesses to support their workers following retrenchment through the Business in Transition Support (BiTS)
- offering a range of services to help affected businesses move forward – including business mentoring – through Business Victoria
- delivering more trade and investment specialists dedicated to realising investment opportunities for Latrobe Valley.
The department will also play a key role in delivering new transport infrastructure and ensuring that the Hazelwood mine is rehabilitated in accordance with the law and community expectations.
Want to know more?
Visit the Regional Development Victoria website to find out more.
Page last updated: 23 May 2019