Land Management

The Victorian Investment Framework

The Victorian Investment Framework (VIF) is a process coordinating a number of investment programs within the Department of Sustainability and Environment (DSE) seeking outcomes in natural resource management across Victoria’s ten catchment management regions.

VIF investment programs work together through the VIF process to achieve improvements in the condition of Victoria’s natural assets and their environmental, social and economic values. VIF provides a coordinated administrative process for investment from these programs, leading to more transparent decision making and greater alignment between programs.

VIF aims to provide: a focussed, streamlined annual investment process an improved method for determining and communicating DSE’s priorities for natural resource management investment transparency in the alignment of investment with State priorities Increased competition by opening up the application process to a wider range of proponents a mechanism to purchase the most efficient mix of statewide, regional and local activities, utilising the most appropriate policy tool and the best available service providers improved accountability for investment and demonstration of outcomes through better monitoring and reporting. VIF incorporates regional, statewide and multi-regional projects in a single process. Regional projects and activities are submitted by potential service providers to Catchment Management Authorities (CMAs) for inclusion in an integrated Regional Investment Proposal (RIP). For statewide and multi-regional project proposals, service providers are encouraged to contact DSE directly. The VIF Statement of Priorities for 2010/11 provides a brief overview of the challenges, directions and principles for investment through VIF, and an outline of the priorities for investment for VIF-administered programs. VIF Statement of Priorities 2010-2011 (PDF - 2.1 MB) The VIF Guidelines for 2010/11 will provide an overview of the VIF process. They describe the development and communication of investment priorities, the processes of development, submission, assessment and approval of proposals, and monitoring and reporting expectations during project implementation. The submission date for RIPs and state-wide or multiregional projects is 24 March 2010.

Further information

VIF Implementation Team
Natural Resources Division
Department of Sustainability and Environment
PO Box 500, East Melbourne VIC 3002
Level 3, 8 Nicholson Street East Melbourne VIC 3002

Email: investment.plan@dse.vic.gov.au