Victorian Budget update

The Victorian Budget 2022/23 was handed down today, funding includes $7.4 million to search for and develop rare earths and minerals critical to manufacturing renewable energy components and a range of other advanced manufacturing sectors.

The Victorian Budget 2022/23 was handed down today.

Funding announced includes $7.4 million to search for and develop rare earths and minerals critical to manufacturing renewable energy components and a range of other advanced manufacturing sectors.

A further $7.8 million will support strong regulation of Victoria’s gas resources as the state reduces our reliance on natural gas and transition to more sustainable options.

The State Budget also sets aside $2 million to streamline minerals and extractives regulation, helping quarries provide affordable materials for infrastructure and housing projects.