To ensure business conditions are primed for growth, the Victorian Industry Policy provides a new framework focusing on industry competitiveness, productivity and economic resilience.
Building on 4 key principles, this policy sets out a path that will see our industries thrive, propelling our economy forward and improving the lives of all Victorians.
These principles are:
- Skills for an evolving economy: Victorian industry requires a workforce with the right skills, agility and resilience to drive inclusive job creation, long-term productivity and economic growth.
- Growing our industrial base: faster adoption and diffusion of technology and innovation, and improved business conditions, are critical to safeguarding essential capabilities and maintaining competitiveness.
- Strategic industry development: Victoria can capitalise on existing strengths and emerging opportunities to drive maximum economic and social value; and capture a larger share of Commonwealth funding.
- Energy security and transition: ensuring affordable and reliable energy supply is essential so Victorian industry remains globally competitive throughout the energy transition.