The Superyacht Industry Development Fund is part of the Queensland Superyacht Strategy 2018-23 which sets out the states plan to increase global industry market share by 10 per cent.
Super yacht industry development fund. This funding will help the industry promote all the advantages Queensland offers the luxury vessel market including a talented workforce excellent capabilities and infrastructure and a sensational location for superyacht cruising. Fundamental to the implementation of the Queensland Superyacht strategy is the ability for small and medium-sized businesses to get in front of key industry stakeholders around the world. The Superyacht Industry Development Fund SIDF program administered by the State of Queensland through the Department of State Development Manufacturing Infrastructure and Planning the department is a statewide funding program that will provide funding over five years to provide financial support to Queensland businesses.
THE Superyacht Industry Development Fund is part of the Queensland governments strategy to expand the industry and increase Queenslands global market share by 10 by 2023. A full custom 78m superyacht in build at Amels has touched the water for the first time since arriving at Amels and Damen Yachtings Vlissingen City yard. This funding will help the industry promote all the advantages Queensland offers the luxury vessel market including a talented workforce excellent capabilities and infrastructure and a sensational location for superyacht cruising.
What is the Superyacht Industry Development Fund SIDF. A dining table sits aboard the 217 feet long superyacht Natita during the Superyacht. With an average yacht coming in theyre going to be 35 million plus.
Six Queensland companies will share in more than 41000 through Round 1 of the Palaszczuk Governments Superyacht Industry Development Fund. To achieve this the Superyacht Industry Development Fund is supporting the marine industry to build global relationships to attract more superyachts. The Palaszczuk Governments Superyacht Strategy Champion Member for Cairns Michael Healy said recent amendments to federal legislation showed the strategy was working.
Superyachts Australia CEO Maryanne Edwards said there were around 5000 foreign superyachts plying the worlds oceans but Australia attracted only 2 per cent of that number. The State Government has announced a Superyacht Industry Development Fund which will help businesses right along the coast tap in to the lucrative superyachts industry poised to. There are six recipients of round one funding that are to share in 41000 to assist their businesses.
The Superyacht Industry Development Fund supports Queenslands small-to-medium enterprises SMEs and not-for-profits in the superyacht supply chain to. Many of these services can only be delivered by appropriately skilled and certified businesses. All together Wealth-X says UHNWs spend over 20 billion a year building chartering and sailing superyachts.