The Queensland Government has announced a $53.5 million investment into the Industry Partnership Program (IPP) to support more new industries and jobs.
The IPP will now support more critical projects aimed at expanding Queensland’s priority industries, bolstering local supply chains, promoting cooperation between all levels of government and industry, and leveraging private sector investment as a result of the funding announcement.
“The $53.5 million boost to the Industry Partnership Program creates an even bigger and better resource to attract and grow new industries and high value jobs, bringing new skills and capabilities to Queensland,” Deputy Premier Steven Miles said.
“The Palaszczuk Government will continue to target projects that will form essential new links in industry supply chains, creating jobs throughout Queensland and strengthening our economy,” Deputy Premier Miles stated.
Deputy Premier Miles indicated that this funding will prioritise the following areas:
- Critical minerals processing, manufacturing, and product development;
- Renewable energy manufacturing;
- Battery industry development;
- Green hydrogen;
- Bioeconomy including biofuels and sustainable aviation fuel (SAF);
- Circular economy including resource recovery and recycling;
- Biomedical
Since 2021, the IPP has been at the forefront of assisting initiatives in a variety of sectors, including green hydrogen, the bioeconomy, which includes biofuels and SAF, the development of the battery industry, renewables, material recovery, biomedical, and the supply chain for critical minerals.
“It’s now time to support even more projects in the emerging industries such as critical minerals, renewable energy manufacturing, battery industry development, green hydrogen, bioeconomy including biofuels and sustainable aviation fuel, circular economy including resource recovery, and biomedical,” the Deputy Premier said.
The programme has authorised 18 projects totalling over $1.1 billion in value, with the potential to generate over 1,850 ongoing operational jobs.
The Industry Partnership Program is part of the Queensland Jobs Fund, which aims to expand the State’s industrial footprint, generate jobs, and enhance the economy.
