$3.5 Million Grants Program Moves to Assessment Stage
Published on 14 August 2026
Banana Shire Council has progressed a competitive grants program to the Request for Proposal (RFP) stage, following the close of the Expression of Interest (EOI) period on 31 March 2026. The Biloela Industrial Incentives Initiative offers $3.5 million, funded by the Queensland Government, for shared infrastructure, services and capabilities that benefit multiple businesses in Banana Shire.
The Initiative is designed to catalyse economic growth, diversification and job creation by funding shared enabling assets that reduce costs, de-risk investment and unlock private sector activity across the Precinct. Industries with greatest potential for growth include manufacturing, energy (including coal, gas and renewables), resource processing, construction, defence, circular economy and logistics.
The RFP period is now closed. Submissions are under assessment. Applicants will be contacted in September 2026 with advice on outcomes. The program is not open for new applications.
"Banana Shire is open for business. This Initiative gives local and incoming businesses a real opportunity to invest in the shared infrastructure that will drive the next stage of the region’s industrial growth. We want to see strong, innovative ideas from industry.” - Mayor Nev Ferrier
Key facts
- Program value: $3.5 million (inclusive of GST), funded by the Queensland Government and managed by Banana Shire Council
- Who can apply: Australian-based businesses and entities proposing projects that benefit at least two businesses in Banana Shire
- EOI closed: 31 March 2026 (closed)
- How to apply: The RFP period is now closed. Submissions are under assessment. Applicants will be contacted in September 2026 with advice on outcomes.
Further information: Biloela Industrial Incentives Initiative
Expressions of interest closed 31 March 2026. Request for Proposals closed 30 June 2026. Submissions are currently under assessment, with applicants expected to be contacted in September 2026.
Program guidelines and further information are available at Biloela Industrial Incentives Initiative
Enquiries can be directed to IndustryIncentive@banana.qld.gov.au. The program is not open for new applications.