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Victorian Government announces $200 million Business Stimulus Package

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The Victorian government has announced a major stimulus injection to help businesses recover strongly from the effects of the Omicron variant.

The $200 million package was announced by Minister for Industry Support and Recovery Martin Pakula and Deputy Treasurer and Minister for Creative Industries Danny Pearson. It targets key sectors led by hospitality and tourism and will support jobs across the state.

A new, expanded $100 million voucher program will offer discounts to Victorians for entertainment, dining and travel. This includes a $10 million round of Melbourne Money to be delivered with the City of Melbourne, enticing diners to return to cafes, bars and restaurants across the city by refunding part of their bill.

The program will be expanded statewide with a new $30 million program offering discounts on food and wine experiences in regional areas and suburban areas beyond Melbourne’s borders.

A new entertainment voucher program will offer $30 million off tickets to theatres, concerts, cinemas, museums, galleries, conferences, exhibitions and other events in Victoria.

A new $30 million round of the Victorian Travel Voucher Scheme will encourage even more people to holiday at home and spend on accommodation, attractions and tours.

A $60 million ventilation voucher program that helps small businesses purchase hardware and upgrades to reduce the spread of COVID-19 in the workplace and improve customer confidence. It will offer rebates of up to $5,000 as well as $500 vouchers.

Some $34.2 million of Jobs Victoria funding will be used to place workers in more than 1,500 jobs in hospitality, warehousing and logistics, tourism and food processing.

An additional $5 million will extend the Small Business Digital Adaptation Program, providing rebates of up to $1,200 so businesses can access a range of digital tools.

Expanding the Business Recovery and Resilience Mentorship Program with the Victorian Chamber of Commerce and Industry will mean more small businesses will have access to coaching.

This latest package builds on the more than $13 billion in business support allocated by the government during the pandemic. For more information on the package and how to open each program, visit vic.gov.au/business-stimulus-package.

Read the full press release on the Prime Minister’s website.

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