Backing Queensland Business Investment Fund

The Palaszczuk Government is establishing a $500 million Backing Queensland Business Investment Fund to be dedicated to direct investment in Queensland business and industry, and managed by the Queensland Investment Corporation (QIC).

The Fund will:

  • support good quality Queensland businesses
  • invest in strategic assets where it means more jobs for Queenslanders.

The Fund will target commercial returns to offset any additional State debt borrowed to invest in the Fund. This will also allow the Fund to partner with private investors, financiers, superannuation funds and other financial institutions.

While the Fund will have a strong commercial focus to ensure that any State debt to establish the Fund is offset and repaid, concessional terms may be offered for the right projects.

Key investment objectives and criteria

QIC will apply their skills and expertise to engage with Queensland businesses and identify commercial investment proposals with opportunities for appropriate returns for Government.

QIC will target investments in small to medium sized business that:

  • create Queensland-based jobs
  • have a proven product and defined market opportunity but require significant capital to aggressively build scale or grow market share
  • are relatively mature, well beyond proof of concept and are generally profitable or approaching profitability
  • are seeking capital to expand or restructure operations, enter new markets or finance significant acquisition, and
  • have well established and reputable owners who are committed to growing the business from and in Queensland.

QIC will also select strategic assets for investment by the Fund.


Investments are expected to occur over the next three years.

More information


Last updated: 17 December 2020