Queensland's economic recovery plan
Since the COVID-19 pandemic first impacted Queensland, the government has taken a sensible and staged approach to economic recovery.
The updated Queensland economic recovery plan represents the culmination of that effort and lays the foundation for our longer-term recovery, with a strong focus on partnerships, to deliver the best possible outcomes.
The plan follows extensive consultation with business, industry, regional and community stakeholders and has a three-fold mission.
- Protecting our health
- Creating jobs
- Working together
Underpinning the plan is more than $14.2 billion in recovery initiatives to keep the economy moving and Queenslanders in jobs – ranging from targeted support for industry and small business, to cost of living relief for households.
Queensland Jobs Fund
The new $3.34 billion Queensland Jobs Fund brings together our current flagship industry development programs to boost the state’s industry footprint, create jobs and strengthen Queensland’s economy.
The fund includes:
- Hydrogen Industry Development Fund
- Industry Partnership Program
- Renewable Energy and Hydrogen Jobs Fund
- Made In Queensland
- Manufacturing Hubs
- Building Acceleration Fund
- Resource Recovery Industry Development Fund
- Backing Queensland Business Investment Fund
Investing in renewable energy in Far North Queensland
The Queensland Government’s $40 million investment in transmission infrastructure in Far North Queensland will support the construction of Neoen’s $373 million, 157-megawatt Kaban wind farm.
The Kaban wind farm and associated transmission infrastructure will create 250 local jobs, deliver power to North Queensland and keep Queensland on track to meet our 50 per cent renewable energy target by 2030.
Safeguarding our health
The $2 billion Hospital Building Fund will assist in meeting growth pressures cross the health system, and includes:
- COVID-19 response ($480 million)— to continue the COVID-19 response, including the vaccination program, fever clinics, contract tracing and testing capability, compliance activities, facilitation of quarantine in government-arranged accommodation, COVID-19 contact centres, and wellness checks for people in mandatory hotel quarantine.
- More hospital capacity ($482.5 million)—to address pressures in emergency patient flow through out public hospitals, elective surgery waitlists, and to support he opening of the Nambour General Hospital Redevelopment.
- Support for vulnerable Queenslanders ($30 million)—over 4 years to boost support services for victims of domestic, family and sexual violence across the state.
New public hospital for Springfield
Through a $1 billion investment over the next decade, the Queensland Government will partner with Mater Health Services to deliver a new 174-bed public hospital in Springfield to cater for the rapidly growing population in the Greater Ipswich region. The expanded hospital, including an Emergency Department, Intensive Care Unit and Maternity services, is expected to open in 2024.
The $52.2 billion capital works program will deliver on the government’s $50 billion infrastructure guarantee over 4 years.
- $346 million—boost for the Building future Schools Program including for 3 new schools that will open in 2022.
- $200 million—COVID Works for Queensland program for over 500 projects to build productive infrastructure.
- $172 million—support for home building through the First Home Owners Grant and Regional Home Building Boost.
- $50 million—to fast track tourism infrastructure project and support tourism icons.
- $50 million—Unite and Recover Community Stimulus Package to fast-track investment in infrastructure and community assets.
Securing a safer Bruce Highway
The Queensland Government will boost safety and upgrade priority sections of the Bruce Highway under a jointly funded $13 billion plan to build a better Bruce over the coming decade.
We’ve locked in an $883 million jointly funded boost to:
- build a 4-lane bypass at Tiaro, north of Gympie
- prioritise upgrades between Gladstone and Proserpine
- prioritise upgrades north of Townsville.
$1.4 billion is committed to school infrastructure, for 10 new schools to open in 2023 and 2024, as well as additional and renewed infrastructure in Queensland’s existing state schools.
- $346 million—for the Building Future Schools Program, including for 3 new schools that will open in 2022.
- 309.2 million—in 2021–22 to maintain, improve and upgrade schools in regional Queensland.
- $45 million—to build and upgrade training facilities in schools across the state, including in Queensland’s regions.
- $100 million—to support the wellbeing of Queensland school students, including employing an additional 464 wellbeing professionals in state schools.
Skilling young people through local schools, local jobs
The Queensland Government is investing $45 million to build and upgrade training facilities in schools across Queensland. New and upgraded training facilities and trade training centres will complement local and emerging growth industries including hydrogen, agriculture, aquaculture, manufacturing, defence maintenance and manufacturing, and aviation and aerospace.
A range of initiatives will support Queensland tourism to rebuild better including:
- $10.2 million—in Holiday Dollars travel vouchers to support tourism operators in Far North Queensland, the Whitsundays, the Gold Coast and Brisbane, and stimulate spending in these regions, funded in partnership with industry
- $7.5 million—for the Work in Paradise campaign to address a shortage of workers for regional tourism businesses
- $1.1 million—for the Great Barrier Reef Education Experience Program to turn the reef into the state’s biggest classroom and increase bookings for local reef tour operators.
A plan for every part of Queensland
Growing our regions is the key to building Queensland’s economic recovery from the COVID-19 pandemic.
Find out how we are supporting economic recovery in your community:
- Brisbane and Redlands
- Central Queensland
- Darling Downs
- Far North Queensland
- Gold Coast
- Outback Queensland
- Sunshine Coast and Moreton Bay
- Wide Bay
Queensland Budget 2021–22
The Queensland Budget 2021–22 is focused on delivering the Government’s promises made to the people of Queensland.
The budget follows the path clearly outlined in our COVID-19 Fiscal and Economic Review and in the Government’s Economic Recovery Plan which focused on protecting our health, creating jobs, and working together.
The efforts of Queenslanders in containing the health impacts of the COVID-19 pandemic have seen the state recover faster economically than others and this budget outlines the continued steps we will be taking on that recovery.