Schools in Portland will received $30,000 towards traffic management in the south of the city.
The Transport Accident Commission has allocated $339,000 to 15 community projects focused on making Victoria's roads safer.
Local community groups and councils across the state will share in the funding from the TAC Towards Zero Community Grants Program.
Portland Secondary College (in partnership with three other schools and Glenelg Shire Council) will receive $30,000 for a local area traffic management in the South Portland school precinct.
The grants program provides funding to projects developed and implemented by not-for-profit community groups and local councils across Victoria.
TAC road safety lead director Samantha Cockfield said working with local community groups was crucial to making Victoria's roads safer.
"This grants program works with local community groups to empower them to proactively address road safety concerns in their area," she said.
"Road safety is a shared responsibility and local community groups play a pivotal role in identifying areas that require improvement.
"Communities often have particular road safety needs and local community groups are well placed to identify these specific problems and implement solutions."
Community groups and local councils with projects that aim to improve road safety for local residents can apply for grants of up to $30,000 for projects aimed at addressing specific issues in their local area.
The grants program is part of the TAC's Towards Zero Action Plan which aims to reach zero deaths and serious injuries on Victoria's roads.
"Working with local communities is crucial in helping us make Victoria's roads safer and working towards our goal in reaching zero deaths and serious injuries on our roads," Ms Cockfield said.
"We all have a role to play to improve safety on our roads and ensuring everyone makes it home to their loved ones," she said.
The next round of Towards Zero Community Grants open in mid-September.
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