June 18, 2020
Applications have opened for Round 3 of the State Government’s $10 million Rural Economic Development Grants which target primary production.
Premier Annastacia Palaszczuk said businesses with a primary production background in regional and rural Queensland were invited to submit an expression of interest for “shovel-ready” projects.
Co-contribution grants of up to $250,000 are available for food and agricultural businesses to support projects that create jobs for value-added primary production and provide significant economic benefits to rural and regional communities.
The Rural Economic Development (RED) Grants are administered by the Queensland Rural and Industry Development Authority (QRIDA).
“Given the recent impacts of COVID-19 on agriculture and the broader Queensland economy, programs like RED Grants are continuing to support local jobs and communities, which is vital step as we unite and recover,” the Premier said.
“Under Round 2 of the program, a total of 14 businesses received $3.34 million in funding to create an expected 600 jobs across the agricultural sector in regional Queensland.”
Agriculture Minister Mark Furner said to be eligible to apply for Round 3, applicants must propose an agricultural supply chain project based in regional Queensland that will generate economic growth and local jobs.
“Eligible projects may include implementing new technologies and innovations that enhance productivity to assisting with business development and expansion or working to achieve improved economies of scale,” Mr Furner said.
“Applicants must also be able to demonstrate an ability to provide sufficient finance to match the grant and propose a project that has not already received approval or acceptance under another government scheme.
“Following Rounds 1 and 2 of funding, we’ve seen some exciting projects that will greatly benefit and add value to the agricultural supply chains in regional areas.”
The RED Grant program is funded for a total of $10 million over three years.
Expressions of interest for Round 3 close at midnight on July 10.
- External link: RED Grants