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30 May 2019: QRIDA expands presence in North Queensland

30 May 2019

SUPPORT services for primary producers are expanding with plans to open an eleventh Queensland Rural and Industry Development Authority (QRIDA) office in Townsville.

QRIDA is a specialist provider of government financial and advisory support to rural and regional Queensland for more than 20 years; helping primary producers and industry recover from natural disaster, improve sustainability and profitability, and make a start in agriculture.

The new office will be well placed to better service North Queensland producers in Townsville, Burdekin, Charters Towers and Flinders regional council areas by September.

QRIDA Chief Executive Officer Cameron MacMillan said the new Townsville office would be the 11th QRIDA office across the state, joining offices in the Innisfail, Cloncurry, Mackay, Rockhampton, Emerald, Bundaberg, Kingaroy, Roma, Toowoomba and Brisbane.

The announcement comes as the QRIDA board visits the region following the devastating flooding earlier this year, including sugar cane and small crop producers as well as the Small Business Recovery Centre in Townsville where QRIDA staff have been on the ground in assisting small business recovery since February.

“To date we have relied on our officers in Mackay and Innisfail to cover this vast region, but we recognise it is the right time to expand and to have a formal local presence here in Townsville. It will further extend our North Queensland footprint which has included the opening of our Cloncurry office some two years ago,” Mr MacMillan said.

Mr MacMillan said QRIDA will continue to support the Townsville community with its flood recovery assistance work, but we will also shortly have a permanent presence here which will be an opportunity to further promote the wide range of government financial assistance programs and services we provide.”

QRIDA provides range of low interest loans and grants to assist primary producers including First Start Loans up to $2 million to assist in the early years of establishing a new primary production enterprise, and Sustainability Loans of up to $1.3 million to assist existing primary production enterprises to invest to improve their productivity and sustainability.

As the Queensland Government’s experts in rural finance, QRIDA also administers the State Government’s Farm Business Debt Mediation program, Farm Debt Restructure Office, conduct a biennial Rural Debt Survey.

For more information see qrida.qld.gov.au or Freecall 1800 623 946.

QRIDA contact: Emma Clarke – 3032 0137

Last updated
30 May 2019