The National Reconstruction Fund Announced
The Budget released by the Federal government on 25 October 2022 announced the establishment of the National Reconstruction Fund to support, diversify and transform Australian industry and the economy through targeted co-investments in 7 priority areas.
The 7 priority areas
- value-add in resources
- value-add in agriculture, forestry and fisheries
- transport
- medical science
- renewables and low emission technologies
- defence capability
- enabling capabilities (not sure what this means).
The Funding Options
The National Reconstruction Fund will provide a range of finance options including:
- loans
- equity investment
- guarantees
It is to be run as a commercial operation making independent investment decisions guided by an investment mandate. The aim of the funding is to deliver a positive rate of return to the National Reconstruction Fund.
This funding may be in conjunction with co-investment plans with industry participants.
Timeline
The government is working to establish the National Reconstruction Fund as quickly as possible.
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