AN INVESTMENT of $150 million is set to turn South East Queensland into an innovation powerhouse, with sustainable infrastructure to boost the region’s innovation economy.
The SEQ Innovation Economy Fund is part of the $1.8 billion SEQ partnership between the Australian Government, Queensland Government and Council of Mayors (SEQ), which aims to improve the accessibility, prosperity, and liveability of the region.
The Australian and Queensland governments have committed $50 million each to create the fund, with at least $50 million in co-contributions required from industry.
The fund aims to support capital projects which will develop infrastructure within existing SEQ innovation precincts to accelerate the delivery of high value, future-focused employment opportunities, grow the SEQ innovation economy through the development and commercialisation of innovative products, and develop new and leverage existing partnerships that strengthen the local economy to drive greater economic, environmental, and social outcomes for the region.
Ipswich Central Partnership spokesperson Kirsty O’Brien said that any funding for sustainability initiatives was welcome in Ipswich and the group would be passionate about accessing.
“I’d like to see this level of funding applied to central Ipswich to improve the streetscapes with more seating, shade and greenery, accessible footpaths, improved connectivity to the river from the city centre via Bell St,” she said.
“This would allow for better pedestrian experience and encourage active transport.
“These improvements along with a second river crossing to bypass the centre of town would transform Ipswich and encourage investment.”
Federal Minister for Cities Jenny McAllister said the investment would help grow South East Queensland’s innovation economy.
“Investing in future technologies and industries will drive innovation, create more high value job opportunities and make South East Queensland an even more exciting place to work and live,” she said.
Queensland Minister for State Development and Infrastructure Grace Grace said the SEQ City Deal was a partnership between three levels of government with the aim of supporting jobs, improving connectivity, and preserving and enhancing the South East Queensland’s liveability.
“South East Queensland is an emerging economic powerhouse, with thriving industries and businesses offering new opportunities for employment and business growth for liveable and sustainable communities for the future.
“The SEQ Innovation Economy Fund will help local governments, industry, public and private entities deliver new and improved innovation infrastructure in SEQ.”
