Splashing out to capture slice of superyacht wealth
THE State Government will today launch a special development fund in a bid to give Queensland businesses a bigger slice of the lucrative international superyacht market.
Superyachts, luxury vessels that are longer than 24m, have become big business in boating, with their millionaire owners, guests and crews pouring millions of dollars into local economies around the world.
Queensland Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick will today unveil details of the state’s new Superyacht Industry Development Fund.
The program will offer funding of $335,000 over the next five years as part of the state’s Superyacht Strategy 2018-23.
Mr Dick said the fund would help Queensland enterprises gain industry-related certification, as well as build relationships and connections in the international market.
“We want Queensland to become a leading Pacific superyacht destination, and this funding will help deliver this vision,” he said.
“Superyacht owners put considerable time, money and effort into maintaining their superyachts and this is a fantastic opportunity for Queensland businesses to cash in.”