Strengthening Sovereign Capability: Inside Queensland’s $180 Million Industry Development Fund
Authors: Dale Prebble, Matthew McLean
The Sovereign Industry Development Fund (SIDF) is a $180.6 million initiative by the Queensland State Government aimed at accelerating the growth of sovereign industry capability within Queensland. The program’s purpose is to strengthen the state’s capacity to manufacture, supply and sustain key goods and services domestically to reduce reliance on overseas supply chains and enhance economic resilience. The SIDF primarily supports projects that are both strategic (advancing priority industries) and catalytic (delivering benefits that extend beyond a single business, such as creating shared infrastructure or regional industry development).
The program focuses on three priority sectors:
defence (including national security industries),
biomedical,
and biofuels.
Projects funded under the SIDF are expected to leverage Queensland’s existing regional and industrial strengths, create new skilled jobs and drive innovation-led growth. The fund particularly targets opportunities that build critical capabilities and accelerate the priority industries by:
building Qld’s sovereign industry capability,
drawing on Qld’s strengths,
growing all Qld regions.
To be eligible, projects must be located in Queensland and demonstrate alignment with at least one priority sector, contributing to the state’s sovereign capability through the production of goods or services that enhance national and economic security. Projects must not have commenced prior to approval and must show a clear pathway to sustainable commercial operations. They are also expected to generate measurable economic benefits for Queensland, such as increased employment or regional development.
Financial assistance under the SIDF is provided on a case-by-case basis, tailored to the needs of individual projects. The SIDF may contribute up to 50% of total project costs. Applications for SIDF support are open on a continuous basis until funds are fully allocated and businesses are encouraged to contact the Department of State Development, Infrastructure and Planning for guidance before submitting a proposal.
The SIDF reflects Queensland’s strategic commitment to building a robust and self-reliant industrial base, one that supports high-value manufacturing, strengthens national security and fosters sustainable economic growth across the state.
If you’re interested in exploring how we can help you develop your ideas and apply for SIDF funding, don’t hesitate to reach out.