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Industry Partnership Program

The Industry Partnership Program is the next evolution of Queensland’s approach to industry development.

Over four years, the Industry Partnership Program will invest $350 million to continue to grow and create jobs across a number of priority industry sectors such as advanced manufacturing, hydrogen, biofutures, biomedical, defence, aerospace, space, resource recovery and METS.

Through the program, we’ll work together with business, industry and research institutions to tailor flexible incentives that facilitate cross-sectoral opportunities, unlocking growth in multiple industries or supply chains, and have a broad impact on the economy.

Incentives can be non-financial and financial offered in assistance packages developed specifically to suit each project. The range of assistance may include:

  • case management for individual high-value and complex projects to assist with facilitating approval processes, whole-of-government liaison and coordination of infrastructure requirements
  • leveraging government assets such as infrastructure and land, and considering rental assistance
  • leveraging government procurement where appropriate by entering into product supply and offtake arrangements
  • supply chain coordination and assistance, such as business capability development, business and supplier matching
  • leveraging external co-funding programs to maximise support available to projects
  • advocacy such as policy and strategy development, major project development, government liaison, marketing and promotion, and research
  • fiscal incentives such as payroll tax reimbursements and relief from other State fees and charges
  • financial incentives such as cash reimbursement grants, interest-free or concessional loans.

The Industry Partnership Program now includes committed funding:

  • up to $24.5 million within the boundaries of the Australian Government's Modern Manufacturing Initiative funding guidelines, towards the development of the Translational Manufacturing Institute at the Translational Research Institute (TMI @ TRI)
  • $43.148 million towards the Building Acceleration Fund to accelerate economic recovery through a co-investment in additional catalytic infrastructure projects around the state creating over 120 construction jobs
  • $26 million over 4 years to continue to build Queensland's economic strengths through implementation of the priority industry roadmaps and strategies.

Our priority sector roadmaps and strategies set a clear vision and pathway for success. Learn more about Queensland’s industry success stories.

Register your interest

The Industry Partnership Program is now open for registrations of interest.

Applications will be assessed through a competitive open process where applications can be submitted at any time. The program will remain open until funds are exhausted.

Fill out the registration of interest to demonstrate how the project meets the eligibility criteria and its alignment with the program objectives. The registration of interest includes a project outline and high-level budget as well as three years of financial statements.

Who can apply?

Applications may be submitted by private and public companies, or partnerships.

Collaborative projects are encouraged and may include the participation of local governments, industry partnerships or regional and industry groups. However, applications must be submitted by a single organisation that complies with the eligibility criteria.

How to apply

Step 1:

Step 2:

Step 3:

  • Submit your application, including financial statements identified below, and any other supporting documents by emailing IPP@dsdilgp.qld.gov.au.

* Mandatory financial documentation:

Three years of audited financial statements, including income statement, balance sheet, statement of cash flow (if available) and notes to the accounts.

Note: If your organisation is a new entity and financial statements are not available, the following may be considered:

  • financial statements of related companies, e.g. another company with common shareholding/directors
  • financial statement of the parent company (if a subsidiary)
  • financial statements of partner entities if a joint venture or other special purpose vehicle is proposed
  • an account prepared by a CPA or CA qualified accountant for the duration of the operation.

Registrations of interest that do not include appropriate financial statements will not be considered for financial incentives as due diligence assessment cannot be undertaken. The project may still be eligible for non-financial incentives.

Assessment process

The Industry Partnership Program has a three-stage assessment process.

  1. Stage one – registration of interest: your submitted registration of interest form is assessed according to eligibility and assessment criteria. The department talks to you at this stage about the most appropriate package of assistance. Basic probity and financial checks are also undertaken.
  2. Stage two – detailed application: if your registration of interest is considered suitable for progression at stage one, you will be requested to provide a detailed application to inform the development of an investment case. The investment case and associated recommendations will be considered by an inter-departmental panel and recommendations made to the approving delegate.
  3. Stage three – negotiation and execution of assistance agreement: if approved, a letter of offer will be issued including high-level conditions of the assistance agreement and a terms sheet will be negotiated. Once a terms sheet has been agreed, an assistance agreement will be prepared and executed.

About the Industry Partnership Program

  • The Industry Partnership Program is a $350 million transformational industry development program that provides tailored assistance packages to develop projects that will strengthen local supply chains and grow the footprint of Queensland’s industries, while creating jobs. We’ll work together with business, industry and research institutions to create assistance packages that fit each project.

    Packages could include support such as case management, help with achieving development or environmental approvals, use of government land and leveraging government procurement, as well as financial support. It will also leverage co-funding opportunities available through the Australian Government and other funding bodies.

    The Industry Partnership Program is designed to be flexible and responsive to achieve the Queensland Government’s objectives.

  • Queensland’s priority industry sectors include:

    • mature industries, like manufacturing and mining equipment, technology and services (METS) as they transition to new technologies and business practices
    • rapidly growing sectors, like defence and aerospace in response to increased demand for supplies and services
    • emerging areas for significant future growth, like biomedical and hydrogen.

Applying for the Industry Partnership Program

  • The Industry Partnership Program will open for registrations of interest on 6 June 2021. Conditions for submitting an application are set out in section 10 of the program guidelines (PDF, 430KB).

    Please complete the registration of interest form (DOC, 430KB) and email it to the program secretariat at IPP@dsdilgp.qld.gov.au.

  • The Industry Partnership Program will respond flexibly, providing both financial and non-financial incentives in a support package most suited to each project, company and industry sector. Once you are invited to submit a detailed application, we will work with you to develop an effective package of support.

    More information on the types of assistance is available in section 3 of the program guidelines (PDF, 430KB).

  • Companies are welcome to submit registrations of interest for Industry Partnership Program funding to be used as co-funding for an application being submitted under another program. If you are considering this, please ensure that your IPP registration of interest is submitted well in advance of the other program’s closing date to allow enough time for the department to consider your request. When submitting your registration of interest, make it clear which other program you are applying for and the timeframes for submitting that application. We reserve the right to decline any request for funding.

  • We will work together with business, industry and research institutions to tailor assistance to suit each project.

    To be eligible for assistance under the Industry Partnership Program, your organisation must:

    • be a legal entity and hold an active Australian Business Number or Australian Registered Body Number
    • have obtained internal approval to make the application, including approval to co-fund all project costs not covered by financial assistance provided through the program
    • have the financial ability to deliver the project
    • have a history of regulatory compliance, including development and environmental approvals, Corporations Act 2001, competition and consumer legislation and industrial relations legislation.

    Local governments, sole traders, family partnerships and start-ups are not eligible to apply for assistance under the Industry Partnership Program.

    Collaborative projects are welcomed and may include the participation of ineligible organisations. However, applications must be submitted by a single organisation that complies with the eligibility criteria.

  • Your organisation can be located or based interstate, however a Queensland-based organisation must be involved in the project. You must have an active Australian Business Number (ABN) or an Australian Registered Body Number (ARBN).

    Note that large-scale investment projects seeking incentives to establish in Queensland over other jurisdictions will not be considered under this program.

  • To be eligible, a project must:

    • be located in Queensland or have a Queensland-based organisation involved
    • have a minimum total project value of $200,000, which can be either operational or capital costs
    • be unlikely to proceed at this time without assistance, or demonstrate that stages will be brought forward
    • not have already commenced.
  • Projects considered under the program can be wide ranging and the Queensland Government will consider all projects that meet the program’s objectives.

    For examples of the types of projects, please refer to section 4.2 of the program guidelines (PDF, 430KB).

  • The Industry Partnership Program provides tailored support packages that meet the needs of successful applicants as flexibly as possible. Where financial incentives are sought, eligible project costs will be determined on a case-by-case basis.

    Generally, costs incurred as a result of implementing or undertaking the project will be considered for funding. Costs associated with business as usual activities will not be funded.

    The Department will determine eligibility of projects costs throughout the assessment process.

  • The Industry Partnership Program provides one-off targeted investment incentives for projects valued at $200,000 and over. Your assistance agreement with the Department will detail the nature of the assistance that will be provided to the project.

  • Your commitment to the project must match or exceed the Queensland Government’s investment particularly in relation to financial incentives, such as grants or payroll tax exemptions. A higher applicant contribution to the project may be required to achieve an acceptable value for money rating for the project.

    Your co-contribution may be obtained from sources such as:

    • internal funds, including new financing and equity
    • external sources, including through other participants in the project, other state governments, the Australian Government and/or local government.

    You must also be able to provide the balance of project costs not funded by the program and demonstrate your funding commitment.

  • Applications under the Industry Partnership Program can be submitted at any time. The program will remain open until funds are exhausted.

    Registration of interest form (DOC, 670KB) is available on the Industry Partnership Program website

    The registration of interest is an opportunity to demonstrate that the project meets the eligibility criteria and how closely it aligns with the program objectives. The registration of interest includes a project outline and high-level budget as well as three years of financial statements. For new entities, we may consider financial statements of related companies, the parent company (if a subsidiary) or partner entities if a joint venture is proposed, or an account prepared by a CPA or CA qualified accountant for the duration of the operation. Please refer to section 6 of the program guidelines <hyperlink to program guidelines> for more information.

    To apply, complete and submit a registration of interest form with  three years of financial statements to IPP@dsdilgp.qld.gov.au.

  • You can apply for more than one project, however the Department will only consider one application at a time.

    If you want to apply for more than one project, you should consider which project better meets the program objectives and assessment criteria and submit that project first.

  • The Industry Partnership Program has a three-stage assessment process:

    1. Stage one – registration of interest: you submit a registration of interest form which is assessed according to eligibility and assessment criteria. The Department talks to you at this stage about the most appropriate package of assistance. Basic probity and financial checks are also undertaken
    2. Stage two – detailed application: if your registration of interest is considered suitable for progression at stage one, you will be requested to provide a detailed application to inform the development of an investment case. The investment case and associated recommendations will be considered by an inter-departmental panel and recommendations made to the approving delegate.
    3. Stage three – negotiation and execution of assistance agreement: if approved, a letter of offer will be issued including high-level conditions of the assistance agreement and a term sheet will be negotiated. Once a term sheet has been agreed, an assistance agreement will be prepared and executed.

    For more information about the assessment process and criteria, please refer to sections 6 and 7 of the program guidelines for more information.

  • There are no set timeframes for evaluating registrations of interest. Each registration of interest is checked against the eligibility criteria outlined in section 4 of the program guidelines (PDF, 430KB) and against program objectives. If the application does not satisfy these criteria, it will not be assessed further and you will be notified of the outcome.

    Eligible registrations of interest will be assigned a client manager who will liaise with you throughout the assessment process. Eligible registrations of interest are evaluated against program objectives outlines in section 2 of the program guidelines, and a probity check undertaken. You will be notified via email of the outcome of the assessment.

  • If your registration of interest is accepted, you will be requested to provide a detailed application. There are no set timeframes for preparing your detailed application, although we expect you to progress with it and requests for further information in a timely manner. In some circumstances, timelines may need to be negotiated. We will assign a client manager to assist you through the remaining stages of the process.

  • There is no guarantee of approval at any stage in the process. Assistance may also be provided in a different form or value and/or with alternative conditions to that sought in the application.

  • Successful and unsuccessful applicants will be notified as soon as possible following a comprehensive assessment of project applications. Timing will depend on whether further information is required to complete assessment and the number of applications already under assessment.

  • If you are successful, you will be required to execute an assistance agreement with DSDILGP, which outlines timeframes, milestones and deliverables unique to your project.

    You will be required to provide regular progress reports to the Department that demonstrate the project is being delivered on schedule, and a completion report is required once the project is finalised.

Further information

For any queries, please contact us via email.

More detailed information about eligibility and the application and assessment process is outlined in the program guidelines (PDF, 430KB).

Last updated: 15 Nov 2021