National Reconstruction Fund and Patties Foods Group

When people ask me about the National Reconstruction Fund (NRF) and the Industry Growth Fund (IGF), many immediately think of cutting-edge technologies like quantum computing and AI. What is often overlooked is one of the most important goals of both funds: transforming and rebuilding Australia’s industrial base.

High-tech solutions with no local manufacturing footprint generally do not qualify for support under the IGF or NRF. The focus is on projects that build capability, production capacity, and supply chains here in Australia.

A great example is the recent NRF investment in Patties Foods Group. This shows that manufacturing support is not limited to advanced aerospace or high-tech, it can also apply to everyday products Australians know well.

You may not know the Patties name, but you almost certainly know their brands: Four’n Twenty and Herbert Adams pies, Leggo’s (the sauces not the blocks), and Lean Cuisine, among others.

The investment will help fund upgrading production facilities. Supporting regional Australia (where most of its workforce is) and the Australian agricultural sector.

This is a call to manufacturers and food producers across the country: now is the time to investigate whether the Industry Growth Fund and / or National Reconstruction Fund can help you scale, modernise, and grow right here in Australia.

Let me know if I can point you in the right direction here

Contact Wayne on wayne@arealcfo.com.au or 0412 227 052.

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Want a confidential discussion on your business situation, help with your grant application or to learn more about my Outsourced CFO Services, simply email me at wayne@aRealCFO.com.au or call me on 0412 227 052