Victoria is a great place to live. Our liveability is the reason why we are the fastest growing state in the nation, with more than 2,000 people moving here every week.
We have to make sure that our investment in world-class infrastructure and services grows just like our population is.
That's why Victorian Government has developed Victoria's Value Creation and Capture Framework.
Value creation and capture has the potential to improve productivity, increase access to jobs and employment, enhance public amenity and unlock commercial activities.
The framework focuses on getting better value for Victorian taxpayers' money from all future infrastructure projects.
It describes a consistent, concerted approach to assessing and increasing the economic, social and environmental benefits of investments in Victoria. It will be applied to a variety of sectors including transport, health, housing and education.
In future, when building infrastructure or developing precincts, government will be enabling economic opportunities, building green space, increasing community services, housing and education opportunities and creating more value for the community than would otherwise be the case.
The Value Creation and Capture Framework provides guidance to all government departments, business, industry and community sector partners on ways that government will generate more industry and skills development, affordable housing, open spaces, community facilities and energy efficiency from future projects.
VCC framework guidelines and templates
The following documents have been prepared to support government project and precinct sponsors to apply the Value Creation and Capture Framework. Information and guidance on when and how to complete each template is contained in the VCC Framework Guidelines document.
Project sponsors will complete the following Statement of Intent and VCC Plan templates for capital projects that are required to meet the Value Creation and Capture Framework.
Reviewed 22 February 2019