The Victorian Investment Framework
The Victorian Investment Framework (VIF) is a process coordinating a number of investment programs within the Department of Environment and Primary Industries (DEPI) 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 simple investment framework to ensure that priority government outcomes are achieved through targeted investment
- efficiencies for investment programs and proponents
- a focus on providing a means for relationship building and collaboration between all parties
- accountability for investment through project reporting against Intermediate Outcomes.
VIF incorporates regional, statewide and multi-regional projects in a single process. Regional projects and activities are developed by proponents and service providers in conjunction with Catchment Management Authorities (CMAs) for inclusion in an integrated Regional Investment Proposal (RIP). Statewide and multi-regional project proposals are submitted by service providers (including CMAs) directly to DEPI.
VIF Statement of Priorities
The VIF Statement of Priorities for 2012/13 provides an overview of the investment priorities for the six participating programs that work together through VIF. Principles for investment are outlined, along with policy drivers for each program.
The VIF Guidelines provide an overview of the VIF process and roles and responsibilities of key stakeholders. 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.
VIF is supported by an online database called the Project Information Retrieval System (PIRS). Projects seeking funding through VIF must be submitted in PIRS at www.pirs.net.au.
Further informationVIF Implementation Team, Natural Resources Division
Department of Environment and Primary Industries
PO Box 500, East Melbourne VIC 3002