The Victorian Government has announced a $50.4 million investment to help Melbourne’s CBD rebound post-pandemic.
Minister for Industry Support and Recovery, Ben Carroll said the funding through the Melbourne City Revitalisation Fund – a partnership between the Labor Government and City of Melbourne – would breathe new life into the CBD.
“We’re investing in initiatives that attract more visitors to Melbourne, creating jobs for the future and backing businesses to grow,” said Minister Carroll.
The funding includes $25.4 million for projects to attract businesses from diverse industries and help encourage more people to visit, live and work in the inner city, drawing on insights from industry, local government, urban developers and social and community services experts.
“Our partnership with the Victorian Government has helped to bring back the buzz to Melbourne and this next tranche of funding will support further investment, innovation and infrastructure in our city,” said Lord Mayor of Melbourne, Sally Capp.
A $4 million investment will help create Australia’s first dedicated precinct at Queen Victoria Market to enable the sector to grow, innovate and create around 100 jobs.
The city’s creative economy will be backed by $5 million funding to create a pop-up live performance venue, attracting new audiences and activating underused parts of the CBD.
To enhance the city’s startup economy, the Government has pledged $2.5 million to support innovative projects in advanced manufacturing, engineering and design in the Fishermans Bend Precinct.
A further $10 million will help cement Melbourne’s status as Australia’s most prominent student city, supporting upgrades to the Study Melbourne Student Centre and creation of arrival packs for newly arrived students from around the world.
