The VPA’s program, Streamlining for Growth (SFG), has been designed to co-ordinate the efforts of all parts of the Victorian Government, local government and the private sector to deliver better outcomes for the fastest growing areas of the Victorian community.
In a report released today, the VPA said its program had been recognised providing savings of more than $210 million both in better efficiency of Government investment and economic benefits to the community from better development outcomes.
Established in 2016, the SFG has accelerated the delivery of new affordable housing, jobs and infrastructure through grants and technical assistance for councils.
VPA CEO Stuart Moseley said the organisation had engaged highly respected economics and policy consultants ACIL Allen to undertake an assessment of the SFG program to ensure it was providing value to the state.
“The findings are very encouraging showing that for every $1 of Government money spent on the program, the economy benefit was $8. This has meant Victorians have increased employment and housing choice, diversity and affordability,” Mr Moseley said.
You can find the press release here.
You can find the report here.