Invest in agriculture and food processing€¦ · Australia’s food, and its manufacturing utilises state-of-the-art technological advancements, high quality food safety systems,

VictoriaInvest in agriculture and food processing

August 2018

EXPORTS OF AGRICULTURE AND FOOD PRODUCTS FROM VICTORIA

High qualityInnovativeConnected

$12.8BN

23.4%

OF AUSTRALIA’S TOTAL VALUE OF AGRICULTURAL PRODUCTION ($13.1BN) COMES FROM VICTORIA.

invest.agriculture.vic.gov.au interactive mapped data; industries; regions

Why invest in Victorian agriculture and food processing?

A strong economy

Victoria has experienced 23 years of continuous economic growth and 2.4 per cent average annual growth over the last 10 years.

High quality food produce

Victoria’s excellent reputation for clean and green produce gives it a competitive edge. Stringent regulatory procedures and an emphasis on environmental sustainability ensure that food is safe and produced at the highest standards.

A leader in food processing

Victoria produces over 30 per cent of Australia’s food, and its manufacturing utilises state-of-the-art technological advancements, high quality food safety systems, and a skilled workforce. Victoria has a proven track record of success in attracting international investors, such as Mondelez, to establish themselves in the Victorian food processing sector.

The food bowl of Australia

Agriculture has been a major contributor to the Victorian economy since the 1800’s. Victoria currently accounts for approximately one quarter of Australia’s value of agriculture and its agriculture and food product exports. The State produces a diverse range of produce including meat, grains, fruit & vegetables and dairy products.

Well-connected to domestic and international markets

Australia has preferential access to Asia’s largest markets and has Free Trade Agreements (FTAs) with China, Japan, Korea, Malaysia, Chile, New Zealand, the United States, Singapore and Thailand. It is conveniently placed across major time zones to offer a practical location for global organisations looking for success in the region. It also can provide counter seasonal supply of high demand products to Asian countries in the Northern Hemisphere.

01


World-class infrastructure

Victoria is a compact state, meaning production areas are accessible to freight, processing and export infrastructure. The Government is continually investing in new infrastructure and improved technology. Average annual infrastructure investment over the next four years will be 50 per cent higher than the previous decade.

Cutting edge research

Victoria leads Australian research, development and extension (RD&E) in agriculture and food processing. Victoria’s capital city, Melbourne, has the lowest location costs for RD&E in Australia. The state has a critical mass of cutting-edge facilities, such as the Centre for AgriBioScience, DairyBio, the Grains Innovation Park, and CSIRO’s Food Innovation Centre. Victoria accounts for approximately 40 per cent of Australia’s food processing RD&E, and there is extensive collaboration between government and industry. The Victorian Government is a major investor in RD&E for agriculture and food processing.

Great talent

Victoria has more students graduating from agricultural and environmental studies than any other Australian state. This provides a strong suite of skills and talent for the state’s agriculture and food processing sector. Victoria also has the highest ranked university (University of Melbourne) and the largest university (Monash University).

02


Victoria is a strong performer in agriculture and food processing.Victoria’s agricultural industries cover a land area of over 10.6 million hectares. The state’s agriculture industry generates over $13.08 billion in gross value, as of 2016. This is approximately one-quarter of Australia’s total gross value of agricultural production. Victoria also has Australia’s largest food manufacturing industry, with a gross value of $38.1 billion per year.

Victoria – The food state

Victoria’s agricultural production

23% of Australia’s total gross value of agriculture

43% of Australia’s sheep and lamb meat

62% of Australia’s milk

32% of Australia’s horticultural products

The Mallee

Wimmera Southern Mallee

Great South Coast

Central Highlands

Loddon Campaspe

Goulburn

MelbourneGippsland

Ovens Murray

Barwon KEY

Non-agricultural areas

Agricultural areas

Road network

Rail network

Major airports

Major ports (food and agriculture)

Regional boundary

Victoria at a glance

Agriculture production1: $13.08bn

Food processing: $38.1bn

Population: 6.1m

Exports of agriculture and non-processed food products: $11.32bn

Processed food exports: $1.48bn

Sources for this page: map, Victorian Government; ABS Census 2016, ABS 7121 2015-16; agriculture production, ABS 7503 2015-16; food processing value, Victorian Government estimate based on 2016 REMPLAN data and 2011-12 RISE data; exports, Victorian Food and Fibre Export Performance Report 2016-17; population, ABS Census 2016.

1 Unless otherwise stated, all dollar values refer to gross values in this publication.

Victoria is the food bowl of Australia. It accounts for almost a third of Australia’s total food output

and 10 per cent of globally traded dairy products. Its excellent natural resources and skilled workforce

make it ideal for investment and growth.03


Competitive advantages of Victoria

World-class research, development and extension capabilitiesThe state’s capital city, Melbourne, has the most attractive location costs for RD&E in Australia. Victoria accounts for approximately 40 per cent of Australia’s agriculture processing research, development and extension (RD&E). The Victorian Government is a major investor in agricultural RD&E and innovation. Victoria accounts for almost one-third of national private sector agricultural RD&E spend, valued at $170 million. These factors drive Victoria’s internationally-recognised research and innovation organisations, such as CSIRO’s Agriculture, Food and Health Sciences Division and DairyBio.

Excellent connections to local and international marketsVictoria is home to Australia’s fastest- growing capital city, Melbourne, and has quality freight and logistics infrastructure to move produce to other states and internationally. Victoria accounts for 35 per cent of the national freight task and is home to Australia’s largest curfew-free airport and container port. Farming regions and freight hubs are accessible to markets and export infrastructure. As a well-connected state, with preferential access to Asia’s largest markets through its FTAs with China, Japan and elsewhere, Victoria’s competitive advantage in supplying the world is assured.

A reputation for excellenceVictoria is internationally recognised for its quality, safety and clean and green production. Stringent regulatory procedures and a focus on environmental sustainability ensure high quality produce. For business, Victoria has a reputation for a world-class agricultural sector, solid government and industry partnerships and a leading financial and professional services sector. As such, Victoria has attracted investments from world leading global food companies such as Nestle (Switzerland), Unilever (UK) and Heinz (USA). The State has very competitive business costs, with lower costs than NSW and QLD and Australia’s second lowest payroll tax.

Victoria has a knowledge-based economy and technologically advanced agricultural sector. Victoria’s expertise in agriculture, combined with an ideal climate and rich natural resources, give the state a competitive edge. According to Deloitte Access Economics’ analysis of factors of advantage for agricultural competitiveness and insights from stakeholder consultations, the state offers:

Victoria has extensive road and rail networks, world-class sea and airport hubs, and high quality telecommunications infrastructure. – Invest Victoria

24/7access to Australia’s largest container and cargo port

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A great climate and environmentVictoria has a moderate yet diverse climate ideal for many different agricultural sectors. The state records Australia’s second highest average annual rainfall, has diverse soil types and quality pastures for livestock. Victoria’s agricultural industries have secure access to clean water and a low incidence of pests and disease, underpinned by world-renowned biosecurity controls.

Strong technology growthVictoria has a high performing technology sector, estimated to be worth $34.8 billion.2 Industry and universities are engaged in technology related collaboration and businesses are adopting cutting edge agricultural technologies. Investment in new technologies is supported by Government investment and a growing network of angel and seed investors.

A skilled metropolitan and regional workforceVictoria has a highly-skilled workforce with deep specialisations and an industry focus. The capital city, Melbourne, produces more graduates in agricultural science, environmental science and life science than any other Australian city. Employment in agriculture and food processing already accounts for over 5 per cent of total employment in Victoria, more than half of which is located in regional and rural communities, where agriculture and food processing accounts for approximately one in six jobs.

Victoria has a highly skilled, business savvy, multilingual and culturally aware pool of professional talent. – Invest Victoria

2 Invest Victoria, Victorian Government.

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Victorian agriculture and food processing supersectors

Food processing• Victoria is Australia’s major food processor,

producing around 30 per cent of Australia’s processed food and exporting nearly a third of the country’s food.

• Victoria produces around $38.1 billion worth of processed food per year.

• According to IBM, Victoria is the best quality location in the Asia Pacific for advanced food and beverage processing.

• The state boasts the country’s most efficient container port and high food safety standards and quality.

Dairy• Victoria is Australia’s largest dairy producing

and exporting state (by volume and value).

• Victoria produces 62 per cent of Australia’s milk equal to over $2.6 billion (2015-2016).

• The Victorian sector’s dairy exports account for 80 per cent of Australia’s dairy exports, worth around $1.8 billion (2016-17).

• Processed dairy products account for around $7.7 billion of the Victorian food processing sector.

Sheep and beef • The beef industry is Victoria’s second largest

agricultural industry behind dairy, with a gross value of agricultural production of around $2.2 billion.

• Sheep and beef are two of Victoria’s most valuable export commodities, valued at around $2.3 billion.

• The sheep industry (meat and wool) has a gross value of agricultural production of around $2.0 billion.

• Combined the two industries make up one third of Victoria’s gross value of agricultural products.

• Processed beef and sheep products account for around $3.1 billion of Victoria’s food processing.

Victoria is Australia’s largest producer of processed foods, and accounts for almost a third of Australia’s food and fibre exports.

Other livestock• The total value of other livestock in Victoria,

including pig, goat, poultry and eggs, is approximately $1.3 billion.

• Victoria is the world’s largest exporter of goat meat, mostly to the United States.

• Poultry and egg production is mostly for domestic consumption, representing around 25-30 per cent of the national egg chicken flock.

• Processed other livestock products account for around $2.3 billion of Victoria’s food processing.

Figure 1: Victorian dairy exports, by product category – 2016-17 (by value)

Sources for this page: agriculture production, ABS 7120 and 7503 2015-16; food processing value, Victorian Government estimate based on 2016 REMPLAN data and 2011-12 RISE data; food processing location benchmark, IBM Plant Location International; exports, Victorian Food and Fibre Export Performance Report 2016-17.

Powdered milk and cream

Cheese and whey products

Fresh milk, cream and ice cream

Butter, fats and oils

Yoghurt and buttermilk

Milk extracts <1%

40%

43%

9%

5% 2% 1%

$1.8bn2016-17

06


Dairy Grains Horticulture

($Billion)0 2 4 6 8 10 12 14

Beef & sheep Other livestock

2011-12

2015-16

Grains• Victoria’s largest crops (by value) are wheat, hay,

barley, canola, oats and lentils.

• Broadacre farming in Victoria is spread over 3.0 million hectares of land and approximately 5,300 farms.

• The gross value of Victoria’s broadacre grains is over $1.1 billion (2015-16).

• The majority of Victorian grain is sold to export markets.

• The gross value of grain processing was $2.0 billion in 2015-16.

Figure 2: Gross value of production by industry sector (2011-12 and 2015-16)

Source: ABS 7503, 2011-12 and 2015-16This figure does not include hay, which in 2015-16 was worth $551 million.

Horticulture• The horticulture industry produces a gross value

of $3.1 billion dollars.

• Victoria is Australia’s second largest vegetable producer by value and accounts for around 50 per cent of Australia’s horticulture exports.

• Victoria is a major producer of many Australian fruit and nuts, as well as grapes for wine production and table grapes. The combined value equals around $1.7 billion (2015-16).

• The industry is composed of around 3500 businesses and exports to large markets such as the United States and India.

• The gross value of horticulture processing in Victoria was $5.5 billion in 2015-16.

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Victoria is a major exporter

• Victoria’s largest food and fibre export is meat, including sheep meat and beef, valued at just over $2.45 billion.

• Victoria’s second largest food and fibre export is animal fibre, with wool exports accounting for over 98% of this total, at $1.84 billion. Excellent seasonal conditions along with high wool prices contributed to the increase in export values.

• Victoria’s third largest food and fibre export is grain. Victoria has experienced significant growth in grain exports over the last year, growing 87% to export $1.81 billion in 2016-17. The majority of this increase can be attributed to wheat exports growing 54% to $802 million.

Victoria exported $12.8 billion worth of food and fibre exports in 2016-17.

A strong outlook for Victoria exports• Victoria continues to be Australia’s largest food

and fibre exporter, accounting for 25% of Australian food and fibre exports, increasing 6% in value since 2015-16. The strength of exports in this industry underpins Victoria’s export sector in general.

• Key export regions, such as North Asia and South-East Asia, continue to grow strongly for food and fibre.

• Other highlights include record purchases of sheep meat by the USA, UAE and China and continued horticulture export growth, with table grapes and almond exports making up 63% of all horticultural exports from Victoria.

Figure 3: Key export markets 2016-17

Sources for this page: exports, Victorian Food and Fibre Export Performance Report 2016-17.

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Victoria’s future growth opportunities

There is a range of growth sectors• Victoria’s agricultural industries with high growth

potential include dairy, beef, pigs, poultry and sheep meat, eggs and oilseeds.2 These are the sectors where global demand growth is best met by Victoria’s competitive advantage. In other words, these are the agriculture sectors where the world most wants what Victoria is good at producing.

• The chart below highlights the current size of each agriculture sector (by the size of the bubble), the level of competitive advantage for each sector in Victoria (horizontal axis), and the opportunity for future growth based on long-term trends impacting domestic and global demand (vertical axis).

• Victoria has ideal climate, skilled workforce and a reputation for high quality products. These factors contribute to the region’s strong competitive advantages in the production of grains and dairy, and provide the region with a strong platform to consolidate its presence in these sectors (horizontal axis).

• The sectors with the strongest growth prospects (vertical axis) are aquaculture, beef, sheep meat, pigs and poultry, because they are well placed to meet key domestic and global demand factors, including demand for protein-rich foods, for quality-assured and secure supply, and for an increased aggregate demand for food and fibre.

• The existing super sectors (the largest bubbles) reflect historical and existing factors of advantage, and will inevitably continue to offer investment opportunities in the region.

Figure 4: Market opportunity and competitive advantage for Victorian agriculture (10 year estimate)

Victoria’s agricultural industries enjoy numerous competitive advantages, stemming from attributes like its excellent natural environment, geography, infrastructure, reputation and experience.

Source: Deloitte Access Economics.

Victoria’s competitive advantage(right is stronger)

Ma

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t O

pp

ort

un

ity

(hig

he

r is

str

on

ge

r)

Higher growth

Lower growth

Fruit

Other crops

Agritourism

Aquaculture

Sheep meat

Beef

Poultry

OilseedsEggs

LegumesPigs

Nuts

Wine

Dairy

Cereals

Wool

Veg

2 Deloitte Access Economics analysis


09

Victoria has a number of top universities teaching specialised courses in agriculture and food processing. These are building the agronomic, scientific, technological and agribusiness capabilities of today’s workforce and tomorrow’s leaders.

A wealth of skills and knowledge

Institution Specialist Agriculture Courses

The University of Melbourne Master of Agriculture SciencesMaster of AgribusinessBachelor of AgricultureGraduate Diploma in Climate Change for Primary IndustriesBachelor of Science (agricultural science)

Monash University Bachelor of Food Science and Technology

Swinburne University Certificate III in Rural Operations

RMIT University Master of Food Science and TechnologyBachelor of Science (food technology)

Deakin University Graduate Certificate of Agricultural Health and Medicine

La Trobe University Bachelor of Agricultural SciencesBachelor of Agriculture and TechnologyBachelor of Business (Agribusiness)

Victoria University Bachelor of Applied Science (food science)Bachelor of Science (biotechnology)

Federation University Certificate III in AgricultureDiploma of AgricultureCertificate IV in Wool Classing

Institutes of Technical and Further Education (TAFE)e.g. Sunraysia TAFE, Goulburn Ovens TAFE, Bendigo TAFE, The Gordon, Melbourne Polytechnic

Certificates and Diplomas in:Agriculture, Agribusiness, and Rural OperationsFood Science and TechnologyHorticulture Production HorticultureArboricultureProduction Nursery

Victoria also has a number of dedicated agricultural colleges such as Longerenong College and Marcus Oldham College.

10


Opportunities in Victorian agriculture and food processing

Global and domestic growth prospects combined with Victorian factors of competitive advantage, indicate that there are strong investment opportunities in Victoria. Below are just a few of the numerous opportunities.

2. Beef and dairy processing for export to Asia

1. Agritourism

Victoria’s export commodities have long term growth prospects. By investing in beef and dairy processing, companies can leverage growing global demand, particularly from Asia.

High growth region • In Asia, the number of consumers with discretionary spending

is expected to reach 3.2 billion people by 2050.

Long term prospects• It is predicted that China will account for 43 per cent of global growth

in agriculture demand by 2050.

Well established export sector• Victoria already exports $2.7 billion worth of agricultural products to China.

Victoria’s strongest industries• Dairy and beef are Victoria’s largest agricultural sectors and provide

the state with competitive advantages and exciting growth prospects.

There is an exciting opportunity to invest in Victoria’s agritourism sector.

Strong domestic and international tourism • Victoria is one of the most popular destinations for agritourism,

especially to wineries and breweries.

• Products prominent in agritourism include wine, craft beer and spirits, gourmet foods (cheese, olives, condiments, and confectionary), fruit, vegetables, nuts and meat.

Ongoing government support• $1 million Victorian Wine Industry Strategy, supporting wine tourism,

and a $103 million Regional Tourism and Infrastructure Fund.

Service three markets instead of two• Businesses can service three markets; domestic, international

and tourism markets.


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5. High value emerging products

Exciting opportunities in emerging horticultural crops such as hops, poppies for pharmaceutical use, medicinal cannabis, new grains, as well as emerging meats such as venison and rabbits.

Changing trends in consumers’ preferences• Consumers are increasingly time-poor and conscious about health,

environmental and social considerations, demanding more quality assured, green, ethical and traceable food. Victoria’s primary processors are well positioned to meet this growing demand.

Good water resources to support high yield horticulture • Many regions within Victoria have high and reliable rainfall

as well as available good quality groundwater.

As Australia’s leading state for RD&E, investors have the opportunity to invest in a sector with cost-competitive primary production and leading processing technologies.

Australia’s leading state for RD&E• Government and industry in Victoria have a well-developed and

organised RD&E sector supporting primary and processing sectors.

• Industry, Government and researchers have well-established research and development partnerships in Victoria. For example, the Victorian Government and La Trobe University created the Centre for AgriBioscience, a major international $230 million facility for plant, animal and microbial biosciences and biosecurity research and diagnostics.

Victoria is well positioned for investment• Victoria is conveniently placed across major time zones to offer a

practical location for global organisations looking for success in the region. The capital city, Melbourne, has the most attractive location costs for RD&E in the Asia Pacific and is home to Australia’s best university.

4. Leverage and co-invest in R,D&E throughout the supply chain

3. Build strategic relationships with Victorian food processors

There is a strong opportunity for farmers and other potential investors to establish partnerships with existing manufacturers to target high-value markets.

Victoria’s strong manufacturing base• Victoria hosts companies undertaking over 30 per cent of the country’s

food processing RD&E. Its manufacturing base and diverse range of product offerings underpin strong opportunities.

• Existing strategic relationships with international investors in manufacturing, for example with the New Hope Group, can expand dairy and meat processing capacity and secure access to high-value markets such as China.

• Victoria’s food processing sector adds $38.1 billion to the economy per year.


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Examples of major companies in Victoria

KagomeA Japanese tomato grower and processor with operations across the globe including offices and processing facilities in regional Victoria. Kagome Group bought a large tomato processor in 2010 and has since become Australia’s largest tomato processor. The company processes about 200,000 tonnes of locally grown tomatoes at its Echuca headquarters each year, supplying 45 per cent of the processed tomatoes consumed in Australia. It also exports to Asia, primarily Japan, Thailand and Indonesia.

Tyrrells In 2015, Tyrrells Crisps purchased Yarra Valley Snack Foods, Lilydale, Victoria to establish a manufacturing base for the domestic and Asian markets. The company has a strong share in the Australian snack food processing market and its decision is an endorsement of Victoria’s credentials as a clean, green and safe manufacturer, and exporter of premium quality food and beverages.

ChobaniThe Chobani brand is one of the fastest growing yoghurt brands in Australia, with over 20 percent market share in the Australian yoghurt retail category. To bring operations to Australia, in 2011 Chobani invested more than $40 million in a production facility in Dandenong South, Victoria. Chobani also produces the Gippsland Dairy brand, and industrial cream products.

Ararat Meat ExportsArarat Meat Exports is a Victorian-based meat exporter that sells high quality sheep and lamb products to countries including Russia, Algeria, Saudi Arabia, Libya, Iraq, Kuwait, the United Arab Emirates, Mexico, the Caribbean, South Africa, Malaysia, China, Taiwan, Korea and Singapore. The company processes around one million sheep per annum, and is Halal accredited to ensure its access to the Middle East and other export destinations with large Muslim populations.

GrainCorp LimitedGrainCorp is an international company with operations in Australia, USA, UK, Canada, Germany, China, Singapore and New Zealand. Within Victoria, the company operates six edible oil facilities, two malt facilities, and around 50 grain storage and logistics facilities. GrainCorp is now one of the largest malt producers in the world.

Many top global companies have a presence in Victoria, spanning the dairy, grains, livestock and food processing sectors. According to IBISWorld and Deloitte’s analysis, major companies in Victoria include:


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Government – committed to agriculture and food processing in Victoria

Digital agricultureThe Victorian Government will spend $45 million enhancing the state’s digital connectivity and developing digital agriculture. The Federal Government is spending over $45 billion developing Australia’s broadband network, including satellite, fixed wireless and fixed line services for regional areas.

Road and RailThe Victorian Government has committed over $40 billion to road and rail projects statewide. The latest commitments include $941 million for regional roads and over $850 million for regional rail, including $220 million for the Murray Basin freight rail project. Federal Government commitments include $8.4 billion to build an inland railway linking Melbourne and Brisbane.

WaterAustralian governments have invested over $13 billion to improve water management in the Murray Darling Basin. Major irrigation projects in Victoria include the $2 billion Goulburn Murray Connections Project; $120 million Sunraysia Modernisation Project; and $60 million Macalister Irrigation District Phase 1b, plus $15 million for Bacchus Marsh and Werribee. Commitments for stock and domestic water include $40 million for South West Loddon; $32 million for East Grampians, and $10 million for the Mitiamo district.

Agriculture and Infrastructure Jobs Fund The $200 million Agriculture Infrastructure and Jobs Fund invests in enabling economic infrastructure along agriculture supply chains and on-farm programs to boost productivity, increase exports and reduce costs, so Victorian farmers, businesses and industries can stay competitive. It also supports them to better position their businesses to capture market opportunities and manage risk.

The Victorian Government is committed to building and improving infrastructure to grow Victoria as Australia’s leading agriculture and food state.

$30m

$200m

$17m

$36m

TO ENHANCE ON-FARM ENERGY PRODUCTIVITY AND EFFICIENCY

FUTURE INDUSTRIES FUND FOR KEY INDUSTRIES INCLUDING FOOD AND FIBRE

TO EXTEND THE NATIONAL LIVESTOCK IDENTIFICATION SYSTEM IN VICTORIA

FOR FOOD SOURCE VICTORIA AND OTHER MARKET AND INNOVATION DEVELOPMENT

Other infrastructure projectsThe Victorian Government is funding a range of other projects relevant to agriculture and food processing. These include:

Sources include: Victorian Budget 2018/19; Victorian Infrastructure Plan 2017


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The Victorian Government can facilitate your next investment

What the State Government of Victoria can provideThe Victorian Government’s investment team provides free confidential services and professional advice to both existing and new investors. Invest Victoria is the first point of contact for new clients. It provides support to international investors, and can direct domestic clients to investment advisors specialising in Melbourne (Metropolitan Investment) or regional Victoria (Regional Development Victoria), including a dedicated Agribusiness Facilitation service.

Services include:

1. Help with your market-entry business case. Our dedicated team will supply you with up-to the-minute information on market potential, existing companies, research and development capabilities, labour market skills and costs.

2. Introductions to our great industry contacts and local suppliers.

3. Confidential expert advice to help support your choice of investment. Our experienced team can help you work through the formal approvals you might need and even visit potential sites with you and speak to estate agents on your behalf.

4. On-ground support for existing and local investors seeking assistance for their business expansion plans through our metropolitan or regional investment engagement teams. Support for international investors in their home market through our extensive network of international offices.

5. Introductions to contacts across all levels of government. Financial support to attract projects of strategic significance may also be available.

6. A large team of experienced local and overseas officers ready to give you the practical support you need to maintain your new project’s momentum.

7. Investment facilitation specialists who can work with you in relation to sites, infrastructure connections and project approvals.

See the ‘Who to Contact’ section, on the next page, or visit: invest.vic.gov.au

Grants for businessesThe Victorian Government offers a range of grant programs to help grow Victoria’s agriculture and food processing industries, infrastructure and supporting systems. To identify the programs most relevant to your project, contact us directly using the details on the following page, or browse the links below.

• Grants for the agriculture and food industries: agriculture.vic.gov.au/agriculture/food-and-fibre-industries

• Grants directed at strategic priorities, including food and fibre: invest.vic.gov.au/how-we-can-help/planning/incentives-grants-and-programs

• Grants focused on regional development: rdv.vic.gov.au

• Financial incentives offered under the Latrobe Valley Economic Growth Zone: lva.vic.gov.au/economic-growth-zone/

• Targeted programs to support business growth: business.vic.gov.au/support-for-your-business/future-industries

• Programs to support infrastructure or innovation: rdv.vic.gov.au/programs-and-grants

The Victorian Government provides local and international investors with the information needed to establish or expand their business.

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Who to contact

All investment inquiriesInvest Victoria can put you in touch with the best advisors for your project:

[email protected]

invest.vic.gov.au

Victorian regions If you already know which part of regional Victoria you wish to invest in, you may wish to speak directly to Regional Development Victoria:

rdv.vic.gov.au/contact-us

Authorised and published by Department of Economic Development, Jobs, Transport and Resources, 1 Spring Street, Melbourne. August 2018.

The content in this document is provided for information purposes only. No claim is made as to the accuracy or authenticity of the content in this document. In no event will the State of Victoria, its agents, instrumentalities and employees be liable for the accuracy of the information contained in this document nor its use or reliance placed on it. The information in this document is provided on the basis that all persons undertake responsibility for assessing the relevance and accuracy of its content.

This document is also available in an accessible format at invest.agriculture.vic.gov.au.

This document is produced and maintained by Agriculture Victoria.

ISBN 978-1-925734-31-7 (Print) ISBN 978-1-925734-32-4 (pdf/online/MS word)

Further Information

This document is one of 16, which describe the investment opportunities in each of Victoria’s agriculture and food processing industries and regions. Relevant industry and region documents are available at the website below. This website also has an interactive map providing access to data on rainfall, production, processing, infrastructure, and other factors relevant to agriculture and food processing.

invest.agriculture.vic.gov.au

16



agriculture.vic.gov.au

agriculture.vic.gov.au

Documents

Invest in agriculture and food processing€¦ · Australia’s food, and its manufacturing utilises state-of-the-art technological advancements, high quality food safety systems,