both the developmental and operational phases Social and environment benefits of the project Applications should clearly demonstrate how the > that project risks have been identified and proposed project: strategies are in place to manage them. > provides adequate social return to the community Financial viability > is consistent with environmentally Applicants will be asked to provide copies of sustainable development and results in annual reports and audited demonstrated environmental benefits covering the last three years with their application. e.g. addresses the impacts of climate This will enable RDV to assess the financial change on the economy, environment viability of the applicant and their ability to and community manage and complete the project. > builds on identified regional strengths Note: Victorian Government departments and and/or statutory agencies, local government authorities and publicly funded universities and educational > has relevant community and industry institutions are exempt from this step. support. Maximising value to the state Alignment with state and regional priorities and demonstrated project need Applications should demonstrate and provide evidence of how the project maximises to Applications will need to demonstrate how the the state through leveraging funding from a project aligns with the relevant regional strategic range of sources, including commonwealth and plan priorities and any relevant state government local government, community, private sector and policies (e.g. tourism policy). Applicants can regional organisations. contact the relevant RDV regional office to determine the alignment of the project with Applicants must be able to demonstrate that the relevant regional strategic plan priorities. the viability of the project is not dependent on For contact details please to section 5 of ongoing funding or continuing government this guide. support. Applications will need to clearly demonstrate the Where future operating costs are an issue, the project need including the problem that the applicant needs to clearly demonstrate how project is seeking to resolve and the compelling these costs will be underwritten without recurrent reason for government assistance. subsidy from Victorian Government sources. Demonstrated project feasibility and Applicants should consider contacting the delivery Industry Capability Network (www.icn.org.au), which can work collaboratively with applicants Applications should clearly demonstrate: to help identify competitive local suppliers. > that all legal, land tenure, planning and Program stream criteria environmental issues have been identified and resolved or satisfactory resolution Applicants may need to demonstrate how the strategies are in place project responds to the relevant program stream criteria (see section 2.1 of this for details of the > access to suitable project management in program stream operating under the RIF).
Social and environment benefits Applications should clearly demonstrate how the proposed project: > provides adequate social return to the community > is consistent with environmentally sustainable development and results in demonstrated environmental benefits e.g. addresses the impacts of climate change on the economy, environment and community > builds on identified regional strengths and/or > has relevant community and industry support. Alignment with state and regional priorities and demonstrated project need Applications will need to demonstrate how the project aligns with the relevant regional strategic plan priorities and any relevant state government policies (e.g. tourism policy). Applicants can contact the relevant RDV regional office to determine the alignment of the project with the relevant regional strategic plan priorities. For contact details please to section 5 of this guide. Applications will need to clearly demonstrate the project need including the problem that the project is seeking to resolve and the compelling reason for government assistance. Demonstrated project feasibility and delivery Applications should clearly demonstrate: > that all legal, land tenure, planning and environmental issues have been identified and resolved or satisfactory resolution strategies are in place > access to suitable project management in both the developmental and operational phases of the project > that project risks have been identified and strategies are in place to manage them. Financial viability Applicants will be asked to provide copies of annual reports and audited covering the last three years with their application. This will enable RDV to assess the financial viability of the applicant and their ability to manage and complete the project. Note: Victorian Government departments and statutory agencies, local government authorities and publicly funded universities and educational institutions are exempt from this step. Maximising value to the state Applications should demonstrate and provide evidence of how the project maximises to the state through leveraging funding from a range of sources, including commonwealth and local government, community, private sector and regional organisations. Applicants must be able to demonstrate that the viability of the project is not dependent on ongoing funding or continuing government support. Where future operating costs are an issue, the applicant needs to clearly demonstrate how these costs will be underwritten without recurrent subsidy from Victorian Government sources. Applicants should consider contacting the Industry Capability Network (www.icn.org.au), which can work collaboratively with applicants to help identify competitive local suppliers. Program stream criteria Applicants may need to demonstrate how the project responds to the relevant program stream criteria (see section 2.1 of this for details of the program stream operating under the RIF).
RIF-application-guidelines-23_6_2015.docx