Sustainability Loan

Sustainability Loans can help you to invest in the latest infrastructure to create a viable future for your farming business including activities that improve farming system sustainability, natural resource sustainability and financial sustainability.

You can use a Sustainability Loan to:

• upgrade, expand or diversify your current operation to improve productivity and long-term profitability, create jobs and boost private sector investment
• undertake drought preparedness activities and invest in infrastructure that improves drought and disaster preparedness
• improve irrigation and establish additional water points to improve efficiency
• purchase capital equipment to meet environmental and climatic challenges, including predator fencing and renewable energy, measures to improve outcomes for the Great Barrier Reef and measures which could reduce net carbon emissions
• invest in biosecurity measures
• implement value adding or supply chain initiatives.

QRIDA will assess applications for the 2022-23 round of funding in the date order they are received complete up to 30 June 2023 or until available scheme funding is fully committed.

Security must be provided commensurate with the amount of the loan. For most loans a mortgage over land provides adequate loan security. In some instances, loan security may also include other business assets such as water and livestock.

QRIDA may consider joint lending options with your bank or other commercial lenders.

When assessing your loan application, we always discuss this with you and your commercial lender.

Sustainability Loans provide you with concessional finance up to $1.3 million to help secure the future sustainability of your existing Queensland based commercial wild-catch fishing business.

You can use a Sustainability Loans to:

• install catch and other equipment to improve environmental outcomes, help improve the Great Barrier Reef and Reef and reduce net carbon emissions
• invest in equipment and measures to better prepare for disaster and support biosecurity efforts
• upgrade, replace or modify equipment, engines or machinery
• implement supply chain initiatives including investing in cold storage facilities or processing facilities
• purchase a new vessel or support employment growth and private sector investment
• purchase additional fishing licences and effort units.

QRIDA will assess applications for the 2022-23 round in the date order they are received complete up to 30 June 2023 or until available scheme funding is fully committed.

Security must be provided commensurate with the amount of the loan.