LPA Summary of the Victorian Budget 2015–16

LPA Summary of the Victorian Budget 2015–16

As Members would be aware, the Victorian Budget was handed down yesterday.

The 2015–16 Victoria State Budget has provided $202 million over four years to support initiatives for the creative industries across the arts, culture, screen, and design sectors. This is in addition to core portfolio spending for the creative industries of more than $470 million in 2015–16.


$58.1 million is dedicated specifically to new live performance industry initiatives over the next 4 years:

  • $30 million for the redevelopment of the Geelong Performing Arts Centre
  • $12.2 million over four years for Music Works, a multifaceted new package of initiatives for Victoria’s live music industry, including support for local artists, live music venues, skills development and export opportunities
  • Funding for Arts Centre Melbourne ($2 million) and Melbourne Recital Centre ($500,000) to ensure they can reach and deliver programs for all Victorians
  • $13.4 million to support an upgrade to the heritage-listed Palais Theatre in St Kilda, Melbourne.


Additionally, $66.5 million is provided for arts and culture initiatives that the live performance industry may benefit from over the next 4 years, including:

  • $20 million over four years for the continuation of Creative Victoria’s Arts and Cultural Facilities Maintenance Fund, which provides critical support to maintain Victoria’s state-owned cultural assets
  • $150,000 for Multicultural Arts Victoria to explore the feasibility of developing a new cultural and creative hub, ‘House of World Cultures’ at Port Melbourne’s Station Pier
  • $20 million over four years for the arts in regional Victoria. The regional package includes a new Regional Centre of Culture initiative, which will put the spotlight on the creative and cultural strengths of Victoria’s regions, and increased support for regional touring, programming and community engagement across regional Victoria
  • $26.5 million to strengthen Victoria’s renowned and diverse independent arts sector.


Other Victorian State Budget matters of note, include:

  • $80 million over four years to grow the depth and breadth of major events in Melbourne and regional Victoria
  • Provision to move forward with Stage 2 construction of the $190 million expansion of the Melbourne Exhibition Centre. The exact budget allocation for this project will be determined following the outcomes of the Victorian Visitor Economy Review.


Detailed information on the Victorian State Budget 2015–16 Budget Initiatives for Creative Industries, including a year-by-year breakdown, can be found on the Creative Victoria website.