Deadline: 7-Jan-22
The State Government of Victoria is offering grants for Regional Tourism Investment Fund (RTIF) to support new and innovative tourism infrastructure projects that will increase visitation, drive private investment, and deliver more jobs.
The RTIF – Competitive Round will drive the recovery and sustainability of regional Victoria’s visitor economy by catalysing private and public investment and facilitating new and innovative tourism infrastructure projects.
Objectives
The objectives of the RTIF – Competitive Round are:
- Deliver strategic tourism infrastructure projects that will increase visitation, improve quality of customer experience, and increase visitor yield and length of stay.
- Deliver projects that broaden Victoria’s tourism offering, and support and encourage year round visitation and dispersal across regional Victoria.
- Leverage and facilitate private sector investment, including through strengthening public tourism infrastructure.
- Drive new jobs and improved outcomes for the State’s visitor economy.
Funding Information
- Eligible applicants may seek funding for up to $ 10 million per project, with a minimum funding amount of $ 150,000 per project.
- Co-contributions are required as part of the Regional Tourism Investment Fund (RTIF) grant funding. The rate of co-contribution varies depending on the applicant, and is detailed below:
- Private: Applicants must contribute $ 2.00 for every $ 1.00 of RTIF grant funding
- Public and Not for Profit:
- Applicants in a Tier 1 Location must contribute $ 1.00 for every $ 2.00 of RTIF grant funding
- Applicants in a Tier 2 Location must contribute $ 1.00 for every $ 3.00 of RTIF grant funding
- Traditional Owner: Applicants must contribute $ 1.00 for every $ 3.00 of RTIF grant funding
Eligible Projects
- To be eligible for funding under the RTIF – Competitive Round, a project must be:
- New tourism infrastructure and / or significant enhancements that build on existing infrastructure; gold
- Enabling infrastructure that directly and demonstrably unlocks private tourism investment.
- All projects funded under the RTIF – Competitive Round:
- Mu st meet the objectives of this fund; and
- Should demonstrate strategic investment or support visitation outcomes in one or more of the following VERRP priority experience pillars:
- Nature;
- Epicurean;
- Arts and Culture; and / or
- First Peoples’ led experiences
Eligibility Criteria
- Applicants must be one of the following types of entities to apply:
- Private sector proponents (defined as an individual, privately-owned or commercial organization that has overall control and responsibility for project that is predominantly funded through private capital);
- Local and State Government entities, including:
- Public Land Managers, Land Management Authorities and Committees of Management
- Local Government Authorities
- Alpine Resort Management Boards
- State or Local Government owned entities;
- Incorporated associations;
- Not-for-profit organizations, including community groups that are an incorporated body, cooperative or association; gold
- Traditional Owner Corporations, organizations and groups, and Aboriginal-owned businesses.
- In addition, to be eligible for funding applicants must:
- Be an incorporated body, cooperative or association (including business associations);
- Possess an Australian Business Number (ABN); and
- Be financially solvent.
For more information, visit https://business.vic.gov.au/grants-and-programs/regional-tourism-investment-fund-competitive-round