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Victorian Budget 22/23

Strengthening industry

We’re investing $28 million over two years to support and improve the building and construction industry, and create new investment opportunities for Victorian businesses.

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We will also deliver a new Building Monitor to help protect consumers from dodgy outfits and better regulate the industry.

And we will establish an Office of the State Building Surveyor to oversee the industry and protect Victorian customers wanting to build a home of their own.

Supporting business

The Regional Jobs and Infrastructure Fund will support economic growth and development in regional and rural Victoria with $30 million funded in this Budget.

This investment will create and retain jobs, grow and diversify regional economies, and work in partnership with the private sector to identify new opportunities for investment.

This Budget also includes $10 million to deliver the Business Acceleration Fund, to cut red-tape and streamline regulations, saving precious time for businesses and the Victorians who run them.

This builds on the $75 million invested in the 2020/21 Budget Regulatory Reform Package, which will continue to deliver an estimated $200 million in benefits to businesses every year.

Reviewed 29 April 2022


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