The Australian Government is helping to secure Australia’s future prosperity and driving sustainable economic growth through the $15b National Reconstruction Fund.
The NRF will provide finance (loans, equity investment and guarantees) for projects in priority areas that diversify and transform Australia’s industry and economy.
The NRF will diversify and transform Australia’s industry and economy through targeted investments in the following priority areas:
renewables and low emissions technologies
medical science
transport
value-add in the agriculture, forestry and fisheries sectors
value-add in resources
defence capability
enabling capabilities.
How the NRF will operate
The NRF will be an independent financier that operates commercially to deliver a positive rate of return.
It will 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 7 priority areas to leverage Australia’s natural and competitive strengths.
The government has identified $8 billion of the NRF’s $15 billion for the following areas:
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
fibre.