The state Government is considering making the South East and West of Victoria a new regional body to handle its economic affairs and the economy in the region.
The proposal has been submitted to the Legislative Assembly and will be debated on Tuesday.
“The Government has been working on the issue of regional body since 2014,” Premier Daniel Andrews said.
“We have also been working closely with the Victorian Government to identify regional economic areas and regions to support economic growth in Victoria.”
These discussions will continue in the coming weeks and months as we look at the best way forward to make the region more competitive and competitive in the global economy.
“Mr Andrews said the state Government wanted to provide regional business owners with the same certainty and protection that they enjoy in Victoria with their businesses.”
Victoria has an established business environment that ensures all businesses have the ability to grow and prosper, and that is something that I am very keen to see strengthened in the South Western and West regions of Victoria,” he said.
A new regional economic area is currently in the planning stages.
The proposed new regional entity would also include an independent board of directors and an independent administrator to manage the region’s finances.
The state Government has already allocated more than $4 billion to the region since 2014 to help with regional economic development.
The plan is also expected to see some changes to the way the state is managing the region, with a new system to manage revenue and expenditure being introduced.
The State Government has previously said it wanted to see the region become more like Victoria and focus on “sustainable growth”.