QRIDA is a specialist administrator of government financial assistance programs including loans, grants, rebates and subsidies. QRIDA's strategic intent is to achieve self-sufficiency through financial leadership, service delivery excellence, business sustainability and capability.
QRIDA's core responsibility is to administer the Queensland Government's Primary Industry Productivity Enhancement Scheme and when required, support the delivery of Natural Disaster Relief and Recovery Arrangement (NDRRA) assistance for primary producers, small businesses and non-profit organisations (jointly funded by the Queensland and Australian Governments).
QRIDA is also empowered under the Rural and Regional Adjustment Act 1994 to deliver additional programs and services to local, state and territory governments throughout Australia and for the Australian Government.
Through the assistance programs it administers, QRIDA contributes to the government’s objectives of growing a four pillar economy with the focus on agriculture, tourism, resources and construction, by:
- Fostering the development of a more productive and sustainable rural and regional sector in Queensland
- Supporting the state’s economy by providing assistance to primary producers, small businesses and other elements of the state’s economy
- Giving assistance by administering programs for the Australian Government and other states in rural and regional sectors outside Queensland.