Victorian Higher Education State Investment Fund
The Victorian Higher Education State Investment Fund was developed in response to the significant impact of the COVID-19 pandemic on Victorian universities.
The $350 million fund supports universities with capital works, applied research and research infrastructure focused on boosting Victoria's productivity and the economy as the state recovers from the impacts of COVID-19, which hit universities hard.
A full list of the funded projects can be found at Projects funded by the Victorian Higher Education State Investment Fund.
Payroll tax support
To help relieve the immediate financial pressures facing many institutions, the Victorian Government offered all Victorian universities payroll tax deferrals in 2020 and 2021, valued at approximately $260 million across all universities.
This provided the sector with much-needed short-term cash flow relief.
Support for international students
The International Student Emergency Relief Fund was established to help Victoria's international student community feel safe and supported during the COVID-19 pandemic.
The fund supported international students in Victoria who faced financial hardship as a result of the COVID-19 pandemic.
The fund was delivered in partnership with Victoria's tertiary education providers.