LNP promises funding for sugar R&D
The Queensland LNP has promised an addition $4.6 million over four years for research and development for the sugar industry.
The funding will be provided to BSES Limited, the principal provider of research and development to the sugarcane industry. BSES Limited was formed in August 2003, when legislation was passed by Queensland Parliament allowing the transfer of assets from the Bureau of Sugar Experiment Stations to BSES Limited, an organisation owned exclusively by Australian sugarcane growers and millers.
The LNP funding would complement the industry's own $21 million annual investment in R&D.