- Strong interest in Crisafulli Government's flagship $180.6 million Sovereign Industry Development Fund, as application period enters final weeks.
- Fund set to accelerate the growth of the Defence, Biomedical and Biofuels industries and build sovereign capability in Queensland.
- The Crisafulli Government is delivering a better lifestyle through a stronger economy by unlocking new opportunities, driving investment and supporting more jobs across Queensland.
The Crisafulli Government is calling on businesses to move fast and seek support for projects that shape Queensland's sovereign capability and accelerate growth in priority sectors.
The Sovereign Industry Development Fund is one way the Crisafulli Government is delivering a better lifestyle through a stronger economy by revitalising Queensland's industrial base, attracting private investment and securing long-term jobs and economic growth.
It has already attracted a strong response with bold, investment ready proposals from businesses looking to establish or expand their operations in Queensland.
This work is helping build a stronger, more resilient Queensland economy after the former Labor Government's decade of decline left the State's businesses without support.
First round applications for the Crisafulli Government's landmark $180.6 million Sovereign Industry Development Fund are set to close 27 February 2026.
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie, said the Crisafulli Government was taking a disciplined, evidence-based approach and backing industries that were proven, investment ready and capable of delivering real sovereign capability and secure jobs for Queenslanders.
"Queensland needs industry policy that is strategic and credible, not the scattergun approach to non-viable industries they got under Labor," Deputy Premier Bleijie said.
"That's why the Crisafulli Government - through our flagship Sovereign Industry Development Fund - is backing proven sectors with a track record of growth, investment and job creation, and focusing taxpayer support where it will deliver the greatest return for Queensland.
"Queensland is open for business, and now is the moment for state, national and international businesses to seize this opportunity.
"From advanced defence capabilities to cutting edge biomedical innovation and nextgeneration biofuels, we want industry to bring forward their best ideas right now."
Applications are invited from feasible, investment ready projects that must:
- create or significantly expand a sovereign manufacturing or service capability in Queensland, including commonuse infrastructure
- accelerate development in Defence, Biomedical or Biofuels
- demonstrate a viable pathway to commercial sustainability
- deliver wider benefits across the industry and Queensland
