PM announces $20m for Geelong jobs

Australia's first commercial carbon fibre manufacturing facility and a Great Ocean Road ecotourism venture are among 21 Geelong projects the federal government hopes will create 1200 jobs.

The Geelong and Corangamite region is the first to get funding under the federal government's $220 million Regional Jobs and Investment pilot program.

It's expected the $20 million cash injection will create 600 jobs during construction and 600 ongoing jobs once the projects are completed in the regional Victorian city.

Prime Minister Malcolm Turnbull said the projects had been selected after an extensive assessment process and community input.

Projects include Australia's first commercial carbon fibre manufacturing facility, an ecotourism facility on the Great Ocean Road, a new additive manufacturing and engineering centre at Geelong's innovation precinct, and further investment in Geelong's waterfront.