Latrobe Valley roadmap unveiled

THE State Government today unveiled its long-term strategy to guide the Latrobe Valley through challenges imposed by the Federal Government’s new Carbon Tax.

Joined by goernment colleagues at the Latrobe Regional Airport, Acting Premier and Minister for Regional and Rural Development Peter Ryan said the Latrobe Valley Industry and Employment Roadmap built on existing government initiatives to create employment and stimulate new investment in the region.

“The roadmap, which delivers on a key election commitment, showcases the region’s competitive strengths and advantages and provides a long term plan for industry and employment growth in the Latrobe Valley,” Mr Ryan said.

“The roadmap’s development over a 14-month period has been underpinned by intensive research and engagement with the region’s business and community groups and responds directly to the recently released advice from the Latrobe Valley Transition Committee.”

The roadmap outlines a number of Coalition Government initiatives designed to place the region’s economy on a sustainable pathway towards growth, including:

AN expanded Latrobe Valley Industry and Infrastructure Fund – An extra $5 million is being provided to expand the LVIIF to $15 million to support business and deliver greater employment outcomes. The fund will also be redesigned to be more flexible and responsive to business needs;

INDUSTRY planning – funding is being provided to develop growth plans for energy, food, aviation and tourism in the Latrobe Valley. This includes $80,000 towards a new Gippsland aviation industry plan and $80,000 provided to Destination Gippsland to develop a new tourism industry plan;

INVESTMENT prospectus – $400,000 has been allocated to support the development of a marketing and investment prospectus highlighting key competitive attributes and opportunities and attract new investors to the Latrobe Valley;

ACCELATED business growth program – $300,000 is being allocated to target high performing firms to expand their potential and look at strengthening supply chains across the region;

SMALL business support – an additional $225,000 will be provided to the region’s local governments to provide business advice, broker support and unlock further potential in the small business sector; and

COMPETITIVE advantages from brown coal – the State Government believes that brown coal can, and should play a key role in our energy future. The government is encouraging companies developing low emission coal upgrading technologies in the Latrobe Valley and is progressing a new coal allocation framework to open up new reserves of coal.

The Roadmap is attached and also available at http://www.rdv.vic.gov.au/business-and-industry-programs/latrobe-valley-industry-and-employment-roadmap