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Business Acceleration Fund

Get access to government support to fund projects that will streamline your operations and processes, and support digitisation.

The $40 million Business Acceleration Fund (BAF) is now open to help fund vital projects that will streamline processes, promote digitisation and make it easier to start and grow a business in Victoria.

About the BAF

Whether you want to simplify state or local law requirements, digitise approvals or build a new online platform for business engagement, this funding can help you implement reforms that make the regulatory system easier for businesses.

The BAF and its predecessor, the Regulation Reform Incentive Fund (RRIF), have already supported more than 130 game-changing projects across Victoria’s state and local governments and regulators.

These projects are already seeing many benefits for Victoria’s businesses, including:

  • more targeted regulations
  • faster licensing
  • accessible and user-friendly application processes
  • streamlined and digitised applications
  • simplified pre-employment credential processes.

We encourage co-contributions, especially for larger projects.

Need some more inspiration? Here are some successful projects the BAF has funded:

  • Set up a Resources Victoria Approvals Coordination role to significantly reduce approval times for construction projects.
  • Remove the need for unnecessary food safety compliance programs for 30,000 low-risk businesses, so they can focus on customers and business development.
  • Develop an online system that allows Victorians to apply for and display a digital Working with Children Check card on the Service Victoria app.
  • Streamline annual liquor licence renewals for around 25,000 bars, restaurants and venues.
  • Digitise health, hospitality and trader applications, so businesses can get their approvals faster.

Read about more projects funded through the RRIF and BAF below.

Apply for funding

Applications for Round 4 close on 4 April 2025.

To apply, complete the BAF proposal:

Business Acceleration Fund 2023-27 Submission Template
Word 47.73 KB
(opens in a new window)

Submit the form to DTF at reg.reform@dtf.vic.gov.au. We will contact you with any questions about your proposal.

We can also help you with your application, including idea testing and draft reviews. Email reg.reform@dtf.vic.gov.au to discuss your proposal.

State government projects funded

This list contains projects that have been completed and are still ongoing.

Local government projects funded

This list contains projects that have been completed and are still ongoing.

Updated