Rural primary producers who would like to start or increase export activities, or attract investment, can apply for up to $250,000 from the Queensland Government’s new Rural Economic Development Grants (REDG).
The new grants have been introduced to fund economic development projects that contribute to primary production and job creation in Queensland’s rural communities.
A wide range of projects are eligible to apply, including agricultural initiatives that:
- innovate to increase productivity
- develop new markets for value-added products
- work to achieve economies of scale
- enable businesses to become export- or investment-ready.
Grants of up to $250,000 are available to projects that can contribute at least 50% of the necessary funding, and help generate jobs and significant economic benefit for rural communities.
Minister for Agricultural Industry Development Mark Furner said a two-stage application process would apply.
‘Interested applicants are encouraged to submit an expression of interest detailing the development idea/plan by 26 October 2018 to be eligible to apply for a grant,’ Mr Furner said.
‘The Queensland Rural Industry Development Authority will review these applications and will then invite successful applicants to submit a formal application against key criteria.’
Applicants must be primary producers based in rural Queensland who employ fewer than 200 full-time staff.
The Queensland Trade and Investment Strategy 2017–2022 commits the Queensland Government to boosting export- and investment-readiness among small to medium-sized businesses, especially those in the state’s regional areas.