Posts tagged "National Reconstruction Fund"

Australian climate tech startup Conry Tech is urging the federal government to act immediately after its research found one in four Australian manufacturing jobs has disappeared since 2006.

Taking the “first step” in Prime Minister Anthony Albanese’s election promise “to revive our ability to make world-class products”, Australia’s federal parliament has approved a $15 billion National Reconstruction Fund.

Legislation to establish the Labor government's $15 billion National Reconstruction Fund (NRF) is set to become law after passing in the Senate, setting the stage for forward-thinking startups and manufacturers to secure significant financial backing.

Queensland algae innovators, a Victorian warehouse tech developer, and a South Australian firm focused on plastic-free wet wipes are among the last six companies to receive funding from the Advanced Manufacturing Growth Centre's $30 million Commercialisation Fund.

The sheer volume of legal and practical amendments facing Australia's business community suggests 2023 could be transformative.

The $15 billion would be provided through a combination of loans, equity, co-investment and guarantees, with the fund aimed at helping build new industries and boosting existing ones.