The City of Greater Bendigo has confirmed a new $4.4 million funding bid to expand the terminal and build an "aviation-compatible" business will go ahead towards the end of the year.

The funding opportunity was raised during discussions with deputy prime minister Michael McCormack and advisers to several other ministers.

The council will apply to a new Building Better Regions Funding round towards the end of the year, Mayor Margaret O'Rourke said.

"We also discussed how the city will be able to apply for other funding streams that can help deliver improved security outcomes and airside-specific works," she said.

"Given the Australian government's previous investment in the airport and success of the Qantas service, we received good feedback that we had a strong case for further funding support."

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The delegation also received pledges to advocate for funding from Member for Bendigo Lisa Chesters, Member for Nicholls Damian Drum and Patron Senator for Bendigo Jane Hume, Cr O'Rourke said.

"The Golden Dragon Museum was considered favourably and there are various funding streams and departments within government that could support this project, so we will be following these leads in the coming weeks," she said.

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