Budget 2019-20 invests in Queensland's regions and businesses

Published:

NOTE: This article is older than 12 months

The Palaszczuk Government is delivering for Queensland businesses and regional councils with $146 million in additional grant funding in the 2019-20 state budget.

Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said the Building our Regions (BoR) program, Advance Queensland Industry Attraction Fund (AQIAF), Jobs and Regional Growth Fund (JRGF) and Made in Queensland (MiQ) program would all receive a funding boost in this year’s budget.

“These funding programs support Queensland businesses and regional councils, creating jobs, investing in infrastructure and growing our economy,” Mr Dick said.

“Building our Regions Round 5 will receive $70 million over four years to deliver critical job-creating infrastructure to regional communities to improve liveability and economic conditions.

“In partnership with regional councils, the Palaszczuk Government will continue to fund projects through BoR that have strong economic outcomes in local communities, delivering thousands of regional jobs.

“The $295 million available under previous rounds has seen 223 infrastructure projects funded across regional Queensland, supporting more than 2400 jobs and attracting additional investment of $487 million from councils and other organisations.”

Mr Dick said AQIAF would receive an additional $45 million, bringing total funding for the program to $150 million.

“The Advance Queensland Industry Attraction Fund offers financial incentives to encourage projects to relocate or expand in Queensland,” he said.

“To date, AQIAF has supported 14 projects which will generate more than 1090 new direct jobs and over $360 million in private investment during the next five years.”

The successful Jobs and Regional Growth Fund will receive an additional $25 million from this year’s budget, bringing total funding to $175 million.

“JRGF has seen 17 projects announced, along with nine election pledges, creating nearly 1000 operational jobs and supporting up to $485 million in capital investment in regional Queensland over the next five years,” Mr Dick said.

“This will stimulate ongoing regional employment and support sustainable economic development by assisting and accelerating private sector projects.”

Meanwhile, the MiQ program will be boosted to $46 million in this year’s budget to continue to support small-and-medium-sized manufacturers to become more internationally competitive, with $10 million to be allocated this coming financial year.

“Made in Queensland is a practical initiative that is boosting regional manufacturing,” Mr Dick said.

“Round 1 saw an investment of $18.2 million in Queensland’s manufacturing sector, which is expected to generate more than 530 direct high-skill jobs over the next five years.

“Through MiQ Round 2, we allocated a further $17.6 million to help 25 businesses around our state innovate and expand.

“These businesses will ultimately employ an estimated 538 additional people over the next five years.

“Queensland’s manufacturing sector is worth $20 billion each year to our economy and provides jobs to more than 173,000 people,” he said

"A strong local manufacturing sector means more Queensland jobs, and more jobs means a stronger Queensland.”

The 2019-2020 budget has also committed $60 million for the implementation of The Spit master plan on the Gold Coast and $19 million to deliver the Queensland Hydrogen Industry Strategy 2019-2024, including $15 million for an industry development fund.


Minister for State Development, Manufacturing, Infrastructure and Planning
The Honourable Cameron Dick

 
Business Business & Economy Employment & Training Political Primary Industries Queensland Government
Social:   

Cameron Dick, Queensland Government, Treasurer and Minister for Investment :
1 William Street, Brisbane Qld 4000, Queensland Wide
Cameron Dick, Queensland Government,  Treasurer and Minister for Investment
Showing 10+ recent articles for this business
Build-to-Rent developer sought to transform former court site 15 January 2021 | Two new affordable housing projects are set to be built in inner Brisbane after the Palaszczuk Government started two more procurement processes under its Build-to-Rent Program. More information...
$9.6 million in further funding to disaster proof 05 October 2020 | Communities from the Torres Strait to the Gold Coast will benefit from an almost $9.6 million investment in projects to improve local disaster resilience and risk reduction. More information...
More funding to help Queensland communities 05 October 2020 | $1,610,000 to improve and create new links within a priority section of Noosa’s hinterland trails network in Noosa Shire Council More information...
Build-to-Rent developers locked in to boost affordable housing options 03 October 2020 | The Palaszczuk Government has secured agreement with two leading national builders to develop the first two affordable housing projects under the Build-To-Rent program. More information...
Time for LNP to come clean on secret list of cuts 01 October 2020 | Treasurer Cameron Dick has called on Deb Frecklington to come clean with her secret list of cuts so Queenslanders know what they are facing before they go to start voting. More information...
Palaszczuk Government drives jobs and industry growth through reduced landfill 26 September 2020 | The Palaszczuk Government is investing nearly $27 million in recycling projects that will create jobs and support businesses in the resource recovery sector while reduce the amount of rubbish sent to landfill. More information...
$2 million for disaster resilience projects that protect and educate 23 September 2020 | Queensland’s 77 councils and one town authority will share in $2 million to better prepare for natural disasters as part the 2020-21 Get Ready Queensland program. More information...
Seasonal worker funding package part of Wide Bay economic recovery plan 22 September 2020 | The Treasurer said the funding package would support up to 500 jobs and ensure our thriving agriculture sector remains a vital part of Queensland’s recovery. More information...
Palaszczuk Government takes women on boards target to new heights 21 September 2020 | Following the latest appointments and reappointments to Queensland Government boards, the Palaszczuk Government has exceeded its 50 per cent women on boards target. More information...
Frecklington must outline cuts to Wide Bay 22 September 2020 | Treasurer Cameron Dick has today called on Deb Frecklington to outline what cuts she will make in the Wide Bay region, to pay for the LNP’s $23 billion in unfunded promises. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service