The Regional Australia Institute says its new program could see southern Queensland's economy grow by $10 billion over the next 15 years.

It has launched a project with the Toowoomba and Surat Basin Enterprise and two coal seam gas producers to find out exactly what factors inhibit or help grow the local economy.

Regional Australia Institute CEO Su McClusky says the consultations will lead to a new action plan.

“A lot of work has been done over the years in the Toowoomba and Surat Basin and this is about saying; ‘How do we pull that together and how do we pull that together with our data and modelling and move it to identify what are those key priority future factors and what are the actions we need to put in place to actually lead to tangible outcomes?’” she said.

“Really all players in the community should come together to be able to deliver those common outcomes and it's really about the growth and future sustainability of the region,” Ms McClusky said.

“We see huge potential in the region and it's about being able to tap into that potential and being able to leverage it to the best opportunity for all those people that do live in the region.”