Round 1 Rural Economic Development Grants Program Open Until 26 October 2018

Round 1 Rural Economic Development Grants Program Open Until 26 October 2018

Queensland Minister for Agricultural Industry and Fisheries Mark Furner

Round 1 Of $10 Million Rural Economic Development Grants Program Closes Soon

Victor P Taffa

Palaszczuk Government continues to support rural businesses and job creation through its $10 Million Rural Economic Development (RED) Grants program, with Round 1 expressions of interest applications closing next Friday (26th).

Minister for Agricultural Industry Development and Fisheries Mark Furner said the RED Grants are 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.” Minister Furner said.

“Program supports ‘shovel-ready’ projects that create jobs related to primary production and provide significant economic benefits to rural and regional communities.”

Minister 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.” Minister Furner 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 existing rural businesses, while others are looking to develop new products for domestic or export markets.”

“All of the submissions so far received, have proposed to grow and expand their businesses and in turn create vital jobs for our regional towns and cities, adding value to the Queensland economy.”

Expression of Interest for Round 1 must be received by the 26th October 2018 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 2 rounds of funding available under the RED Grants program for projects that may not ready to progress for this current round. Program is funded for $10 Million over 3 years.

Queensland Rural and Industry Development Authority (QRIDA) is administering RED Grants on behalf of the Department of Agriculture and Fisheries.