Future_Prosperity_Narrative

Building a Narrative
for Queensland’s
Future Prosperity

A clear and powerful narrative that reflects Queensland’s strengths and communicates its future direction is an essential foundation of a prosperous future. The following Queensland Futures Institute programs aim to define key building blocks of this narrative: 

Business Investment
and Talent Attraction

 

Queensland’s natural advantages and positive global image serve as a powerful influence on our ability to attract talent and grow existing and new industries throughout the State.

Queensland can identify clear areas of global leadership to attract and cluster internationally significant talent and innovative investment. We can use our uniqueness to forge a powerful global investment brand. Further, the 2032 Olympics offer Queensland the opportunity to amplify our brand to the world.

This program seeks to define and promote a vision to both retain and attract global investment and talent.

Water
Security

 

Longstanding geographical challenges and increasingly unpredictable climate influences, combined with strong population growth and growing industrial demands, mean Queensland’s urban, regional, and rural water security has never been under higher scrutiny.

A cost-effective, and secure long-term water supply with an integrated management strategy is a key factor in contributing to the State’s growing prosperity, and ensuring the best value outcomes based on social, environmental, and economic considerations.

This program seeks to define and promote a cohesive long-term vision for State-wide water security underpinning the pathway to a prosperous future.

Workforce Skills and Capability

 

Queensland must improve support for training, reskilling, and attracting more people to meet the diverse and rapidly changing employment needs created by new and growing industries. This is particularly important given that displacement from work due to digital technologies is likely to impact some geographical locations more than others, potentially exacerbating existing inequalities in regional areas. With new sources of growth through industry and job creation, it is critical that Queensland continuously supports and innovates, throughout this ongoing transformation, to enable the State to fully capitalise on its future potential.

This program seeks to define and promote a continuous vision for future workforce skills and capability across all Queensland regions.

QFI_graphic

Managing the Energy Transition

 

As the world transitions to a low-carbon future, Queensland’s economy confronts the dual challenge of ensuring a secure future energy supply, and the impacts of a reduced demand for coal and gas exports.

Queensland has the opportunity to create a global template for transitioning to a low-carbon economy. To do so requires a long-term, evidence-based strategy for our resources and energy sectors.

At present, short-term political cycles can be a challenge, limiting the sector from moving forward with new developments, long-term industry planning and the ability to attract foreign investment. A long-term energy strategy will need to consider Australia’s international commitments to reduce its national emissions.

This program seeks to define and promote a vision of successful energy transition as a key driver of future prosperity for Queensland.

Strengthening Regional Connectivity – both physical and digital

 

Queensland is widely acknowledged as Australia’s most decentralised State. Most of its population and wealth generation occurs outside the capital. The diversity of its regions provides it with many natural advantages and great economic resilience. However, the strength of their inter-connectedness determines their ability to grow and contribute to the broader economy.

Broadband speed, telecommunication services and the digital potential of regional areas and small businesses are key areas that need to be addressed for Queensland’s industries to harness their full digital potential.

Physical connectivity remains equally important. Lack of streamlined infrastructure between road, rail and ports is a significant pain point for many industries relying on efficient logistics, limiting their ability to diversify and access new markets.

This program seeks to define and promote an inclusive vision of a highly connected future Queensland.

Contact

Lvl 11 / 111 Eagle Street
Brisbane QLD 4000

connect@futuresinstitute.com.au

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The Queensland Futures Institute acknowledges the Traditional Custodians of the land, pays respect to Elders past and present, and extends that respect to all Aboriginal and Torres Strait Islander peoples in Queensland.