The Australian Government has set up the $15 billion National Reconstruction Fund (NRF) to diversify and transform Australian industry.
The NRF Corporation (NRFC), governed by an independent board, will deliver the NRF as an independent financier operating at arm’s length from government.
The NRFC will give finance in the form of debt, equity and guarantees to drive Australian based investments. The NRFC will focus on 7 government identified priority areas of the Australian economy:
- renewables and low emissions technologies
- medical science
- transport
- value-add in agriculture, forestry and fisheries
- value-add in resources
- defence capability
- enabling capabilities.
The NRFC is now active. To keep up to date, visit their website: www.nrf.gov.au