Victoria voted on 24 November 2018 and the Labor government retained power in a landslide victory. But what does this mean for grants in Victoria? The Victorian government has traditionally been one of the more generous states in terms of providing grant funding to encourage businesses growth and we don’t expect this to change.
Over the past 3 years, the Labor government has invested heavily in programs such as Local Industry For Transition (LIFT) and the Future Industries Fund to assist businesses that are looking to grow. We expect a number of these grant programs to reopen early in the new year, including Boost Your Business; a voucher scheme that supports Victorian businesses to become more productive, employ more people, improve market access and in general, increase their scale, diversity and profitability. In 2018 the Victorian government handed out vouchers to over 200 Victorian businesses and social enterprises under the Boost Your Business program.
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