On Tuesday 15th June 2021, Treasurer Cameron Dick handed down the Queensland Budget for 2021-22.
The 2021–22 Budget includes the flagship $3.34 billion Queensland Jobs Fund which brings together the government’s key industry attraction and industry development programs. The fund incorporates a range of existing programs and commits funding for a number of new initiatives to strengthen supply chains, foster innovation, diversify regional economies, create jobs and boost income levels. These new initiatives include:
- A $350 million Industry Partnership Program providing small and medium enterprises and research institutions in Queensland with tailored support that strengthens local supply chains to create and sustain jobs.
- A new $2 billion Queensland Renewable Energy and Hydrogen Jobs Fund will be established to expand on the previous $500 million Renewable Energy Fund. The Fund will enable investments by Queensland’s government owned energy businesses in commercial renewable energy and hydrogen projects, as well as supporting infrastructure, and assist Queensland to achieve the 50 per cent renewable energy target by 2030.
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