Centred around four key actions and five key priority sectors, the statement includes a raft of initiatives designed to make it easier, simpler and faster to do business in Victoria. The statement is aimed at stimulating innovation and investment, reducing the regulatory burden and to reach and benefit industries and communities across the state. 

Four key actions

1. Open doors: backing business to invest, expand and innovate.
2. Cut red tape: making it simpler to do business in Victoria.
3. Build new skills: ensuring a workforce that’s ready to go.
4. Reach every community: a strong Victoria underpinned by a strong regional Victoria.

Five priority sectors

1. Advanced manufacturing and defence
2. Health technologies and medical research
3. Circular economy
4. Digital technologies
5. Agribusiness

Key initiatives

• Support eligible business with high growth potential through grants and partnering with commercial lenders.
• Deliver a 10-year plan to unlock industrial land.
• Enable faster planning approvals for projects in Victoria’s renewable energy zones.
• Fast track new gas projects.
• Halve the number of business regulators by 2030.
• Speed up Environmental Effects Statement processes.
• Create a First Peoples Leadership Academy.
• Rapidly upskill and reskill workers through the Digital Jobs program.
• Deliver simpler, smarter regulation in regional Victoria.
• Pilot new regional launching pads.
• Establish the Premier’s Business Council.