The Rural Economic Development (RED) Grants program offered emerging agribusiness projects up to $250,000 in co-contributions to build industry and grow employment opportunities across the agricultural sector. The $10 million grant program provided three funding rounds over a three-year period ending 2020.
The RED Grant program has now closed.
Across the three rounds of the RED Grant program, a total of 43 agricultural businesses received funding towards economic development projects worth $40.8 million and estimated to create 1,897 new direct and indirect jobs over the lifetime of these projects.
The Queensland Rural and Industry Development Authority (QRIDA) administer the RED Grant Scheme on behalf of the Department of Agriculture and Fisheries.