News

Victorian Government's Economic Growth Statement

4 February 2025

In December 2024, the Victorian Government released the Economic Growth Statement which provides a vision and priority actions to make it easier to do business in Victoria and build a strong economy. The Statement describes five priority sectors:

  • Advanced manufacturing and defence
  • Health technologies and medical research
  • Circular economy
  • Digital technologies
  • Agribusiness

The document underscores the importance of regional Victoria in the growth of priority sectors, including agriculture which is the backbone of many regional economies, providing food and fibre to local, domestic and global markets.

The Statement also outlines four key actions, informed by business and industry:

  • Open Doors: Backing business to invest, expand and innovate
  • Cut Red Tape: Making it simpler to do business in Victoria
  • Build New Skills: Ensuring a workforce that's ready to go
  • Reach Every Community: A strong Victoria underpinned by a strong regional Victoria

Read the full Economic Growth Statement here: https://www.vic.gov.au/sites/default/files/2024-12/Economic-Growth-Statement.pdf