QFI welcomes Queensland Business Investment Fund

THE Queensland Futures Institute (QFI) has welcomed yesterday's announcement from the Queensland Government regarding the formation of a $500 million Backing Queensland Business Investment Fund.

In April this year, QFI presented the State Government with a set of key recommendations from 'What Makes Businesses Start, Grow and Stay in Queensland', an evidence-based study into the factors driving business investment in Queensland.

One of the primary findings recommended "the State Government establish an investment fund, with appropriate criteria, to help existing successful businesses expand in Queensland, as a relatively low-risk way of creating jobs".

Queensland Treasurer Cameron Dick said, "The fund will support good quality Queensland businesses that need capital to create jobs."

A QFI spokesperson said the 'think-tank' encouraged the use of evidence-based research to test current thinking, boundaries and policies in order to improve economic and social outcomes for all Queenslanders.

www.qldfutures.com.au

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