Education Minister James Merlino has announced the new incentive as part of $45.2 million Victorian government investment he said would bridge the divide between student results in the regions and the city.

A $12.5 million slice of that investment will go towards offering teachers up to $50,000 to relocate to country areas to fill hard-to-staff positions, plus a range of non-financial support to assist with relocation, such as help with finding housing.

Teachers will also be eligible for another $9000 per year in their first three years if they remain in the roles.

Another $12.9 million will be spent to work with individual schools on addressing underperformance, $7 million to fund extra executive class principals take on the most challenging and specialised school leadership roles, and $12.8 million to increase the number of high-quality teachers specialising in VET and VCAL.

The idea is that more students from country areas can access and complete apprenticeships, traineeships and further education.

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"Our priority is making sure all students - no matter where they live - have the best possible start in life and are able to attend a great local school and get a great education," Mr Merlino said.

"We know that the quality of teaching is one of the greatest influences on student performance, which is why we're making record investments to attract high quality teachers and principals to our country schools.

"We have heard first-hand that the divide between schools in the regions and the city is one of the biggest issues facing our schools and that is why we are getting on with the job of fixing it."

Meanwhile, Senator for Victoria Bridget McKenzie has reaffirmed the federal government's budget commitment to spend $93.7 million on the Destination Australia program, providing up to 4720 scholarships over four years, worth $15,000 each, to encourage domestic and international students to study in regional Australia.

She urged Indi-based higher education and VET providers to apply for the funding.

"There are so many tertiary opportunities right across the North East, from GOTAFE at Benalla up to La Trobe in Wodonga and a vibrant student community will invigorate the economy by supporting full-time jobs and business opportunities," Senator McKenzie said.