Regional fund invests $13m in Bendigo

THE Regional Growth Fund which funded the Huntly gas project has invested $13.13 million into 20 projects worth $54.77 million in the City of Greater Bendigo.

Acting Premier Peter Ryan said yesterday the Regional Growth Fund had reached a milestone - $1.5 billion in total investment in regional and rural Victoria.

He said the fund leveraged co-investment from businesses and all levels of government into community led regional projects to produce jobs and benefits for country communities.

"The Regional Growth Fund has invested into more than 1250 projects across regional and rural Victoria in three years," Mr Ryan said.

"This means the $365 million invested so far by the Regional Growth Fund has spurred an additional $1.135 billion in regional investment from private businesses and from other levels of government, creating a total investment of $1.5 billion."

In the City of Greater Bendigo, the fund has invested $13.3 million to 20 projects worth $54.77 million, including:

Regional Growth Fund reaches a milestone - $1.5 billion in total investment.

$3 million for the $25.8 million Sandhurst (Bendigo) Theatre Complex;

$2 million for the $8.7 million Hazeldene's energy and water security project;

$2 million for the $9.13 million Bendigo Library/community hub.

"Total investment of $1.5 billion created by a fund set aside for Victorian regional and rural spending is a milestone which has never before been reached - and we're just getting started," Mr Ryan said.

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