This Budget plays to our strengths, delivering new investment in both sectors.
New global innovation hub
To put Victoria at the forefront of advanced manufacturing, engineering and design, this Budget invests $179 million to deliver the first stage of the transformation of the former General Motors Holden site at Fishermans Bend into a global innovation hub.
The site will house the University of Melbourne’s School of Engineering from 2024 and is expected to become a world-renowned centre for innovation by 2051, supporting up to 30,000 high-value science, technology, engineering and mathematics jobs.
Transformative 10-year Agriculture Strategy
This Budget also invests $33 million in our agriculture industry to grow and protect the sector so it continues to be a cornerstone of our economy, in line with the Victorian Government’s transformative 10-year Agriculture Strategy.
That includes investing $12 million to deliver the establishment of a traceability information hub, the development of new systems to prove the origin and quality of Victorian produce, and campaigns to promote the paddock-to-plate journey of Victoria's produce.
Reviewed 17 May 2021