Grants and funding
Each of our regions is different. Regionalisation is about understanding these differences, capitalising on their strengths and targeting opportunities and priorities to ensure regions reach their full potential.
|Broadening the economic base||Example|
|For some regions this will mean broadening the economic base to smooth the affects of the boom and bust cycles of their major industry. This is achieved by leveraging the region’s existing competitive advantages and preparing for the future through a longer-term series of developments to support growth.||Far North Queensland has been hit hard by the global financial crisis and recent weather events. All parts of the community have been impacted, particularly the tourism and construction industries. A significant factor in the region’s economic vulnerability to these recent events is its reliance on a narrow industry base.|
|Capitalising on growing industries and major investments||Example|
|Some regions need to attract a larger, more stable workforce to capitalize on economic opportunities such as growing industries and major investments. For these regions, there is an opportunity to leverage significant employment-generating investments to attract skilled workers and their families.||The energy resource developments in the Surat Basin are driving growth and employment opportunities across the region and in neighbouring centres. Effectively harnessing these opportunities requires strong planning frameworks and investment in community facilities and services to manage growth and attract and retain skilled workers and families.|
|Retaining lifestyle and character||Example|
|Other regions located on the coast are experiencing growth because of their lifestyle appeal. These regions face the challenges of generating the economic growth to accommodate population growth, without compromising the regional character and lifestyle of existing communities.||Bundaberg’s natural attributes, lifestyle and affordability have attracted strong population growth, however, this has largely been in older age groups. To create a sustainable and broader demographic base, all levels of government, business, industry and the community must collaborate to ensure the skills and labour base of the region matches that of industry requirements.|