Home > The Opportunity > Incentives  

Incentives

All levels of government, education, health and research organisations, industry and the private sector are working together to deliver the vision for the Gold Coast Health and Knowledge Precinct (GCHKP). The GCHKP Office is actively working on behalf of City of Gold Coast, Griffith University and Gold Coast Health to ensure the delivery of a world-class hub of knowledge, innovation, employment and investment.

There are also a range of incentives to support your investment decision from a local (council), state and federal level. Please ask our team for further information about the range of incentives and support available.

City of Gold Coast (Council)

City of Gold Coast (City) has an established city-wide investment attraction program that has been directly applied to the GCHKP to provide the following assistance:

  • Financial assistance and potential development infrastructure discounts are available to precinct partners that contribute to the vision of the precinct by creating jobs, investing capital and driving research and commercialisation opportunities.
  • Infrastructure charge discounts will be considered by the City on a case by case basis depending on the type and scale of activity being proposed and the eligibility of the proposed investment / activity to the delivery of the vision and objectives of the GCHKP. A recommendation for the consideration of infrastructure charge discounts will be subject to Council approval.
  • Hosting & itinerary development and introduction to relevant precinct partners is available to companies and investors seeking to investigate opportunities within the precinct.
  • Tailored business case package of comparative information is available to assist with feasibility and business case preparation.
  • Site selection and the facilitation of facilities within the precinct to explore ideal location opportunities available in partnership with Economic Development Queensland as land owners.
  • Introductions with local and regional industry networks, precinct partners, supply chain contacts, university collaborators and supporting businesses.
  • Government facilitation assistance to liaise with relevant representatives at a State and Federal Government level.
  • Workforce development and introductions to Study Gold Coast and over 300 education and training providers to assist with skills and capabilities for your organisation.
  • Research collaborations and introductions to on site partners to add value to business operations and provide long term commercialisation opportunities.
  • Ongoing support through the GCHKP Project Office, in partnership with Economic Development Queensland, which includes site access and advice, precinct partner liaison and contacts, advisory and business export assistance, international trade linkages, access to funding programs and global promotion.

For more information, visit City of Gold Coast’s website.

State Government

 As the GCHKP has been designated as a Priority Development Area (PDA) by the State Government this provides the Precinct as being identified for specific accelerated development.  Related incentives could include consideration in relation to land development models on a case by case basis with consideration of supporting incentives from other areas of State government including Trade and Invest Queensland (TIQ).

TIQ is the Queensland Government’s dedicated global business agency with a charter to help potential investors take advantage of the opportunities relating to the Gold Coast Health and Knowledge Precinct. Their specialist investment team provides a range of business and investment services to international investors – further information can be found at www.tiq.qld.gov.au.

The Queensland State Government’s Advance Queensland initiative includes a suite of programs and is designed to create the knowledge-based jobs of the future and drive productivity.

The Future Jobs Strategy will open the door to new industry and research collaborations and the Business Investment Attraction package will encourage proof-of-concept projects and attract co-investment through the Business Development Fund. Advance Queensland’s programs, funding and incentives include:

  • PHD Industry
  • Knowledge Transfer
  • Business Development Fund
  • Proof of Concept
  • Innovation Partnerships
  • Startup Queensland Program.

The Queensland Government considers nominations for business migrants who wish to invest in Queensland through the Business Innovation and Investment Program.

In partnership with the Department of Immigration and Border Protection, Queensland considers Expressions of Interest (EOI) for business migrants seeking to make an investment that directly benefits Queensland’s economy. The Business Innovation and Investment (subclass 188) Visa is a pathway to permanent residency through the Business Innovation and Investment (subclass 888) Visa, through the:

  • Innovation Stream – for people who want to own and manage a new or existing business in Queensland
  • Investor Stream – make a designated investment in Queensland
  • Significant Investor Stream – invest at least A$5 million into Queensland through complying investments.

Federal Government

The National Innovation and Science Agenda include a range of programs and incentives to support innovation, investment, collaboration and skills development including:

  • CSIRO Innovation Fund
  • Biomedical Translation Fund
  • NHMRC (National Health and Medical Research Council)
  • MRFF (Medical Research Future Fund)
  • The Incubator Support Programme
  • R&D Tax Incentives
  • Entrepreneur’s Program
    • Accelerating Commercialisation
    • Business Management
      • Business Evaluations
      • Business Growth Grants
      • Growth Services
      • Supply Chain Facilitation
    • Innovation Connections
  • Australian Research Council (ARC) linkage grants
  • Entrepreneur Visa

 Austrade is the federal department responsible for the promotion, attraction and facilitation of productive foreign direct investment (FDI) into Australia. Working in partnership with Australian governments, Austrade provide investors with the information needed to establish or expand a business in Australia.

The GCHKP is working in partnership with Austrade in relation to targeted investment and trade opportunities for the precinct – further information can be found at www.austrade.gov.au.

Copyright © Council of the City of Gold Coast