Sovereign Industry Development Fund

Applications are open for feasible, investment-ready projects that:

• Accelerate industry development in Defence, Biomedical or Biofuels
• Develop a new manufacturing or service capability in Queensland, including common-use infrastructure
• Significantly expand an existing manufacturing or service capability in Queensland
• Have a wider impact across the industry and Queensland
• Can commence within 12 months.

The fund will initially focus on significant projects that create regional or industry-wide impact.

A total funding pool of $180.6 million is available.

As a general guide, financial assistance may cover up to 50 per cent of total project costs.

To be eligible for funding, projects must:

• Be located in Queensland
• Be aligned with the priority industry sectors of Defence, Biomedical or Biofuels
• Be strategic and catalytic (creates regional or industry wide impact that accelerates industry development in Queensland)
• Not have already commenced (for example construction or operation)
• Clearly demonstrate economic benefit to Queensland

Local governments, family partnerships, not-for-profit organisations and government-owned corporations are not eligible to apply.

Applications close when all funds are fully allocated.