The fund will invest in projects that create jobs and support population growth.

There will be dedicated money for 10 regional cities as part of the plan.

Labor candidate for Lowan said $19 million for the Grampians Peaks Trail had already been announced from the fund.

"It's going to effect electorates in rural Victoria right across the board," he said.

"It's a huge investment in human capital and in the future of rural Victoria and I think Daniel Andrews will be a good man to put it in to practice."

Nationals candidate Emma Kealy said Labor's fund incorporated announcements that should belong to core portfolios.

"Labor's pre-election promise for $19 million for the Grampians Peak Trail would come out of its regional infrastructure fund, whereas the Coalition have funded their promise out of the environment fund," she said.

Mr Scates said the Opposition's overall investment in the tourist trail was almost double the $10 million Coalition commitment.

"If I was living in the Grampians at Brimpaen or Lahaurm or any of those beautiful spots, I'd be looking at the Labor plan, which is $19 million against the Nationals' $10million," he said.

"It's going to take $19 million to build it so it's all very well to say we'll get a little bit of private sponsorship, but it needs more."

Ms Kealy said the government's Regional Growth Fund was separate funding specifically for rural and regional projects.

"It's better targeted to leverage local investment and local jobs but also it isn't ever utilised to do a hospital upgrade and it isn't used for sporting investments," she said.

She said Labor would cut funding for regional Victoria.

But Mr Scates disagreed that Labor's fund was an effective cut of funding to regional Victoria.

"My understanding is that the Coalition's figures are over four years or eight years, if you take it year-by-year you'll find we'll be spending more in regional Victoria than they will," he said.

Australian Country Alliance candidate Steve Price said he thought the major parties' funds were similar.

"There's still a huge disparity between the spend in the the city and the country," he said.

"The Coalition's Regional Growth Fund is $1 billion over eight years and the most recent figures show the East West Link is $17 billion."

He said the provision of education, health services and community infrastructure would encourage population growth in country Victoria.

Independent candidate Katrina Rainsford said she was sceptical of 'global' announcements by Labor and the Coalition.

"The best way of getting the best deal for Lowan is to vote for change and put in an independent," she said.

She said both parties would take more notice of an independent because they would spend the next term of government trying to win Lowan back.