The federal government of Australia has committed $15 billion to establish the National Reconstruction Fund (NRF). This program aims to extend financial economic diversification and transformation through co-investment plans that would assist opportunities and broader reforms to support growth across identified priority areas.
Overview and Funding Amounts
The NRF will be an independent and be governed by a board who will make independent investment decisions guided by an investment mandate. The NRF will finance projects that align with the identified 7 priority areas. Of the NRF’s $15 billion total funding, $8 billion will be allotted to the following:
- up to $3 billion for renewables and low emissions technologies
- $1.5 billion for medical manufacturing
- $1 billion for value-adding in resources
- $1 billion for critical technologies
- $1 billion for advanced manufacturing
- $500 million for value-adding in agriculture, forestry, fisheries, food, and fibre
Consultation and Engagement
Consultation on the NRF’s key design elements and implementation approach will be happening soon. The government is keen to hear from:
- industry
- unions
- communities
- state and territory governments
Deadlines and Timings
Establishing the program protocols of the NRF is currently in progress and updates will be available in the website.
Treadstone will update this page when new information is available.
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