he aim of this program is to assist the agribusiness sector to recover from the impacts of COVID-19 by enhancing digital skills, creating regional jobs and driving efficiencies for businesses.
The first round of the program gives applications up to $200,000 of funding to projects that target industry-wide outcomes including:
- The creation of a resilient and profitable agribusiness sector by accelerating digital transformation from farm to plate;
- The maximisation of consumer confidence in relation to traceability, food safety, nutrition and provenance of Queensland products through enhanced traceability systems;
- The development of support networks for agribusiness from the impacts of COVID-19 through cost saving measures and waste efficiencies; and
- The creation of regional jobs and enhance digital skills and capability across the Queensland agribusiness and food sector.
Loans of up to $250,000 are available, for applicants who fit the below criteria:
- Hold an ABN and be registered for GST;
- Have a headquarters in Queensland;
- Be able to contribute a minimum of 20% of the funding amount towards the project, totalling 50% of contribution over the project; and
- Be in a financial position to pay upfront for the approved product and/or service in full.
The application is a two-stage process:
- Detailed application (Opened 1 October 2020 and closes 1 November 2020);
- Application will be assessed involving possible consultation with the Queensland Government.
For assistance considering your suitability and in submitting your application and supporting documentation please contact your usual Mazars advisor or alternatively our Loan specialists, Angela Winton or Jack Jamieson on +61 7 3218 3900.
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