Victoria's 2025-2026 Budget Unveils $150 Million Investment in Key Industries and SME Support

Administered by the Department of Jobs, Skills, Industry and Regions, the Victorian Investment Fund allocates $50 million specifically for regional businesses. This dedicated stream aims to support fast-growing enterprises in regional areas, fostering economic development and generating new employment opportunities.

In addition to the investment fund, the budget allocates $35 million to provide tailored advice to small and medium-sized businesses seeking to expand their export potential. This funding will enhance existing advisory services, including the Small Business Toolkits Program and the Business Victoria Online Delivery and Contact Centre, offering SMEs access to vital information, templates, and support.

Furthermore, the budget commits $171 million to fee-free TAFE places, assisting 20,000 workers in reskilling, and $23 million to bolster the state's apprenticeship system. These investments underscore the government's commitment to workforce development and addressing skill shortages.

For Victorian SMEs, these budgetary measures present significant opportunities for growth and development. The targeted investment in priority industries, coupled with enhanced advisory services and workforce development initiatives, provides a supportive environment for businesses to thrive. As the state navigates economic challenges, such proactive measures are essential in fostering a resilient and dynamic business landscape.