$50m grant announced for Victoria’s Agriculture sector
The Victorian Government has announced $50m worth of funding to support regional businesses who have been impacted by COVID-19.
Administered through the Department of Agriculture in conjunction with Regional Development Victoria, the Victorian Government has released the $50 million Agriculture Workforce Plan, designed to support regional businesses across the agriculture sector.
The funding will go directly to businesses who have been impacted by the COVID-19 pandemic, and assist them to maintain and expand their operations safely and effectively.
Three streams of funding
Three streams of funding are available to support staff employment, training, and general workplace safety in response to COVID-19:
*Business Adaptation Grants are subject to a 50:50 co-funding requirement ($1 of business spend for every $1 of government funding).
Victorian businesses that operate in regional and rural areas (including outer Metropolitan) in the Agribusiness sector may be eligible to apply, including primary producers, food processors, assurance testers, distributors and specialist distribution companies.
In addition, businesses must have an expected annual turnover greater than $75,000 for the 2019-2020 financial year. Further stream-specific eligibility criteria also apply.
A full application is required, highlighting previous business performance, the need for funding, and the value proposition of the proposed project.
Applications close 30 September 2020, or sooner should program funding be exhausted.
How ShineWing Australia can help
ShineWing Australia’s Government Incentives and Agribusiness teams can assist throughout the eligibility, scoping, and application processes, working alongside businesses and the program managers to ensure the best funding outcome.
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