More industry partnerships for Queensland thanks to $53.5 million boost

• Queensland will gain and grow more new industries and jobs thanks to a $53.5 million boost to the Queensland Government’s Industry Partnership Program (IPP) to $415.5 million.
• Next allocation of IPP funding is officially open

The Palaszczuk Government has boosted the highly successful Industry Partnership Program (IPP) by a further $53.5 million, to support more new industries and jobs.

The announcement of the additional funding means the IPP will support more key projects that are focussed on growing Queensland’s priority industries, strengthening our local supply chains, encouraging collaboration between all levels of government and industry, and leveraging private sector investment.

Deputy Premier Steven Miles announced that this allocation will focus on the following key priority areas:

• critical minerals processing, manufacturing and product development
• renewable energy manufacturing
• battery industry development
• green hydrogen
• bioeconomy including biofuels and sustainable aviation fuel
• circular economy including resource recovery and recycling
• biomedical

Since 2021, the IPP has been at the forefront of supporting projects in industries including green hydrogen, bioeconomy – including biofuels and sustainable aviation fuel – battery industry development, renewables, material recovery, biomedical and the critical minerals supply chain.

The program has approved 18 projects with a value of around $1.1 billion and with the potential to create over 1,850 ongoing operational jobs.

Quotes attributable to Deputy Premier Steven Miles:

“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.

“Through this new investment in the $415.5 million IPP, we will support emerging industries aligned to the Queensland new-industry development strategy, to keep growing in this state.

“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.

“The success is clear, with the program approving more than $1.1 billion worth of projects and enabling over 1,850 ongoing jobs for Queenslanders.

“The response from industry has been fantastic, with important new projects being brought to life with IPP support.

“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 recycling, and biomedical.”

More information:

The Industry Partnership Program is part of the Queensland Jobs Fund which aims to boost the State’s industry footprint, create jobs and strengthen the economy.

Projects supported include:

• Fortescue Future Industries’ green hydrogen facility near Gladstone
• Visy Industries’ upgrade to its Gibson Island material recovery facility
• a Translational Manufacturing facility at the Translational Research Institute to provide hands-on training and advanced manufacturing capabilities to build Queensland’s biomedical workforce
• Vecco Group's Townsville vanadium battery electrolyte manufacturing facility
• Queensland University of Technology's upgrade of the Mackay biocommodities pilot plant
• Stage 2 of Alpha HPA’s HPA First high purity alumina production facility in Gladstone.

The IPP also provides additional funding support for the Building Acceleration Fund and the Hydrogen Industry Development Fund.

ENDS

Emilia Hutchinson - 0437 060 435