Press Releases

Loan subsidies still on offer for Marysville & Triangle

* * - Wednesday, July 04, 2012
Acting Premier and Minister for Regional and Rural Development Peter Ryan today announced the extension of the Victorian Coalition Government’s loan subsidy scheme to support re-investment and new investment in the Marysville and Triangle area.

Mr Ryan said the Marysville and Triangle Investment Subsidy would be extended for one year to 30 June 2013.

“The Marysville and Triangle Investment Subsidy is a $4.4 million Coalition Government initiative to attract new businesses into the Marysville and Triangle region and to support expansion and rebuilding of businesses locally,” Mr Ryan said.

“The objective of the Marysville and Triangle Investment Subsidy is to stimulate new investment and economic activities in the fire-affected areas of Marysville, Narbethong, Buxton and Taggerty.”

Mr Ryan said the Coalition Government decided to extend the subsidy until after the announcement of the successful tenderer for the construction of the Marysville Hotel and Conference Centre, which was likely later this year.

“The construction of the Marysville Hotel and Conference Centre as well as development of an investment prospectus will give confidence to investors who are contemplating new investments or re-investing in Marysville,” Mr Ryan said.

Mr Ryan said the Marysville and Triangle Investment Subsidy focused on supporting tourism, visitor accommodation, rental accommodation, retail accommodation, restaurants and light industry.

“The loan subsidies are available to businesses that have not yet obtained loan approval for their investment, and have not commenced construction,” Mr Ryan said.

“The maximum amount through the Marysville and Triangle Investment Subsidy is $75,000 per annum, per individual applicant or per project.”

Loan applications close on 30 June 2013. For more information about the Marysville and Triangle Investment Subsidy visit www.ruralfinance.com.au.

Media contact: Sonia Heath 0413 485 526

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