Toowoomba Regional Council (TRC) this week (Tuesday, June 17, 2025) endorsed a revised 12-month funding deed with Toowoomba and Surat Basin Enterprise Pty Ltd (TSBE) starting from July 1, 2025, as part of a broader review of economic development arrangements.
Toowoomba Region Mayor Cr Geoff McDonald said Council would proceed with the short-term funding deed while undertaking a review of the organisation’s objectives and results.
Mayor McDonald said Council would assess the ongoing relevancy of the controlled entity model under which TSBE was originally established.
“Council needs to be satisfied that we are receiving an adequate return on investment on behalf of our community,” Mayor McDonald said.
“Council will outline Key Performance Indicators (KPIs) for TSBE for the 2025-26 financial year, aligned with the revised deed and Council’s economic development objectives.
“The KPIs will focus on the increase in the number of businesses attracted to the Toowoomba Region, an increase in employment in the Region and an increase in the Toowoomba Region’s Gross Regional Product.
