Biloela Industrial Incentives Initiative

Published on 15 January 2026

Biloela Industrial Incentives Initiative

Banana Shire Council is pleased to announce the Biloela Industrial Incentives Initiative, a competitive grants program to stimulate investment in shared infrastructure that attracts new and expanding businesses and places Banana Shire as a key industrial hub in Central Queensland.

The Queensland Government has allocated $3.5 million to Banana Shire Council to attract investment in the Biloela Industrial Precinct, support economic diversification, and help local businesses prepare for growth in the Shire’s foundational and emerging industries.

The Biloela Industrial Incentives Initiative aims to leverage public funds to attract private, industry and research capital and increase the scale of activity in the Biloela Industrial Precinct. Proposals for other industrial lands in the shire may be considered.

The initiative aims to:

Expand and diversify local industry for sustainable economic growth – Support expansion of existing industries and attract new industry participants, supporting job creation and workforce pathways, and increasing local businesses’ ability to participate in and capture value from key industry supply chains, including for energy projects in the region.
Improve competitiveness and cost reduction across firms – Supporting initiatives that address identified barriers to investment in Banana Shire, including gaps in shared infrastructure, enabling technology, and access to industrial facilities, equipment or services, benefitting multiple firms.
Promote collaboration and partnerships for innovation and growth – Supporting partnerships, such as between businesses, research organisations and/or education and training providers, which drive innovation in product and services, including for testing, research and development, and commercialisation.

The program will be delivered through a two-stage competitive process. Expressions of interest are expected to open in February 2026, which will then be followed by a more detailed request for proposals for shared assets that support multiple businesses.

Further information, including program guidelines and how to participate, will be published on Council’s website when expressions of interest open.

Please address all enquiries to: IndustryIncentive@banana.qld.gov.au