Six Queensland companies will have extra support to enter overseas markets after sharing in more than $41,000 from the Superyacht Industry Development Fund.

The fund is part of the Queensland Superyacht Strategy, which aims to grow the industry and increase Queensland’s global market share by 10% by 2023.

Round 1 recipients of the Superyacht Industry Development Fund are:

  • Abell Point Marina (Airlie Beach)
  • Carter Marine Industries (Cairns)
  • Gold Coast City Marina & Shipyard (Gold Coast)
  • Rivergate Marina and Shipyard (Brisbane)
  • Seaspec Marine Services (Gold Coast)
  • Trinity Fire Services (Cairns).

Assistant Minister for Tourism Industry Development Meaghan Scanlon said the fund would help Queensland businesses secure more contracts.

‘We introduced this development fund late last year to support small-and-medium-sized businesses supplying to, or with the potential to supply to, the superyacht industry,’ Ms Scanlon said.

‘This first round of funding will help Queensland businesses build valuable relationships in the global superyacht market through participation in international trade shows in Singapore, Tahiti, Monaco and Fort Lauderdale.’

Superyacht Strategy Champion and Member for Cairns Michael Healy said the government’s efforts were crucial in promoting Queensland as a world-class Pacific destination for superyacht cruising, construction, fit-out and maintenance.

‘We want Queensland to be recognised as the key superyacht hub of Asia-Pacific, and initiatives like our Superyacht Industry Development Fund will help us achieve that,’ Mr Healy said.

Up to $335,000 will be provided over the life of the Superyacht Strategy – from 2018 to 2023 – to support businesses looking to access the industry.

Grants will be provided for a range of purposes, including attending international trade shows, bringing overseas delegations to Queensland and obtaining industry certifications.

One round of grants will be available each year.

Supporting Queensland exporters is a key commitment of the Queensland Trade and Investment Strategy 2017–2022.