The Victorian and Federal Governments have announced a multi million dollar funding boost for the Victorian College of the Arts (VCA).

A review of the VCA found the college needs at least an extra $6 million a year to survive.

The State Government has announced a one-off grant of $3 million.

Labor's candidate for Federal seat of Melbourne Cath Bowtell says if the government is re-elected, it will commit and extra $5.1 million to the VCA from 2012.

She says the party will also match a $2 million pledge from the State Government to set up a foundation trust.

"If Labor is re-elected and if we are in a position to have the negotiations with the University then the intention is that this Federal Government money would be directed towards delivering the teaching programs of the college," she said.

You can also read the NTEU's official response here: http://www.nteu.org.au/vic/blog/view/post/postId/498