September 6th, 2025Unlocking the potential of multicultural business precincts across the state

The Multicultural Business Precinct Revitalisation Program and the Good Practice Guide will help local councils to unlock the potential of multicultural business precincts across the state.

The guide will include practical ideas, from promotional campaigns and pop-up activations to cultural festivals and infrastructure improvements, to help to attract visitors and deliver more benefits for businesses, the broader community and the economy.

Local councils are encouraged to apply for grants through the $4 million Multicultural Business Precinct Revitalisation Program.

Up to $250,000 is available per precinct, for projects such as improved visitor spaces, public infrastructure, signage, public art installations and improved shopfront exteriors.

Multicultural business precincts are the cornerstone of local economies and communities, providing unique places where people gather, shop, work and build cultural connections and friendships.

Victoria is proudly home to more than 718,000 small businesses. Around 56 per cent of all small businesses are owned by people with at least one parent born overseas. Multicultural businesses are vital to Victoria’s economy, enhancing global connections, creating local jobs and enriching the state’s cultural diversity.

To learn more about the Multicultural Business Precinct Revitalisation Program, or to download the Good Practice Guide, visit business.vic.gov.au

Minister for Small Business and Employment Natalie Suleyman said the state’s multicultural businesses power the economy, creating jobs, trade and opportunities for generations to come.

“With this investment, we’re ensuring that the multicultural precincts Victorians love today will continue to flourish.”