The Victorian Government has announced a $2.7 billion Building Works package to help ‘kick-start’ the economy by providing stimulus to the construction industry.

The projects are set to begin in the coming weeks and months with shovel-ready education, roads and transport projects as the areas of primary focus. According to the announcement, there will be 10 new schools built, 57 schools upgraded and 250 relocatable school buildings built and installed.

The road and rail network will be maintained, improved and upgraded where appropriate as well as improving railway stations, toilet blocks and disability access to public transport.

Overall, this package provides a unique opportunity for businesses in the construction industry to focus on these projects or on gaps left by other companies who will to pivot their focus toward these projects.

To do this, you need to ensure that your business has enough funds to be part of this ‘kick-start’ initiative, as well as the staff and the processes and procedures to operate profitably.  There are funds still on offer from lenders but access is getting progressively more difficult.

For assistance in these areas, contact Harry Pontikis from Chocolate Money t/a Master Builders Financial Services on 1300 137 539 or email him directly on harry@mbafinance.com.au .

Chocolate Money holds an Australian Credit License 387277.