North Queensland is set to benefit from $900,000 new Australian Government funding to support growth in its forest industries.
Federal Agriculture and Northern Australia Minister David Littleproud said the Australian Government’s investment in the Regional Forestry Hubs was a show of faith in our forest industries and the benefits that they deliver for regional communities and the Australian economy.
“The Australian Government is providing more than $10.6 million over four years for existing Regional Forestry Hubs and the establishment of two new hubs in Eden NSW, and the Northern Territory,” Mr Littleproud said.
“We are committed to delivering positive outcomes for the industry Australia-wide and are backing those who rely on the productivity of the sector every step of the way.
“North Queensland is a key forestry area with strong potential for growth and innovation, with skilled forestry workers, transport routes and processing plants.”
Federal Leichhardt MP Warren Entsch said that growing the plantation estate takes time and this funding demonstrates the Australian Government’s commitment to long-term, sustainable investment in forestry in North Queensland.
“This new funding will secure the future of our forestry hub and its important work with industry, state and local governments, key stakeholders and the community,” Mr Entsch said.
“It builds upon the $1 million of funding the hub received when established in 2019.
“The hub is assessing production forestry resources; processing capacity and infrastructure needs and limitations and finding ways to support innovation and growth in our region.
“The North Queensland Hub is in a unique position to work with traditional owners who own and manage much of the forest area.
“The hub in North Queensland is well placed to help meet Australia’s future timber demands.”