Opposition plans to sell Breakthrough Victoria for $1.27 billion
Liberal and Nationals promise to scrap the state venture capital fund and sell its assets if elected in November.
The Victorian Opposition has pledged to close Breakthrough Victoria and sell off all its investments. The party estimates the sale would raise $1.27 billion over the next decade.
Shadow minister for finance Bridget Vallence has criticised the fund as a waste of public money. The Opposition plans to use the proceeds for budget repair, lower taxes, and improved services.
The commitment comes ahead of November's state election.
- $1.27 billion over next decade
- Estimated proceeds
- Bridget Vallence, Finance
- Shadow minister
- November
- Election date
Why it mattersScrapping the fund would mark a major shift in Victoria's support for early-stage tech and startup investment.
AustraliaVictorian startups and venture companies could lose access to state-backed funding if the Opposition wins and follows through on the pledge.
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