Govt to offer $10M for rural development
WHILE surrounding regions are home to the highest level of recorded unemployment in Australia, businesses are being given the opportunity to help turn things around.
The first round of the State Government’s Rural Economic Development Grants program has
$10 million up for grabs with expressions of interest applications closing today (Friday, October 26).
Minister for Agricultural Industry Development and Fisheries, Mark Furner said the RED Grants were available to help fund agricultural-related projects that can generate employment opportunities to rural Queenslanders.
“Up to $250,000 is available as a matching co-contribution to successful applicants,” Mr Furner said.
“The program supports “shovel-ready” projects that create jobs related to primary production and provide significant economic benefits to rural and regional communities.”
Mr Furner said expressions of interest received to date represent a wide range of agricultural industries and locations from across regional Queensland.
“Proposals so far for this initial round have come from sectors such as livestock, horticulture and aquaculture,” he said.
“Of those the total projects are worth some $14 million and have the potential to create more than 120 new long-term jobs in rural and regional Queensland.
“Some projects are looking to value-add to existing rural businesses, while others are looking to develop new products for domestic or export markets,” he said.
Expression of Interest for Round One must be received today with successful applicants then invited to submit a full application.
Businesses related to the primary production supply chain are encouraged to apply.
There will be a further two rounds of funding available under the program for projects that may not be ready to progress for this current round.
For more information of the RED Grants, visit the QRIDA website at www.qrida.qld.gov.au /redgrants.