National Reconstruction Fund submissions close on Friday

Submissions related to implementation of the federal government’s key manufacturing policy item, the $15 billion National Reconstruction Fund, will close at the end of Friday.

Funding was committed to the NRF in last October’s budget. It is intended to be run at arm’s length from the government by an independent board guided by an investment mandate, achieve a positive rate of return, and be modelled on the Clean Energy Finance Corporation.

Consultations are seeking input related to the priority areas and the investment mandate of the NRF.

The fund’s support will be delivered through loans, equity investment and guarantees, and it will not administer grants.

The seven priority areas are:

• Renewables and low emissions technologies;
• Medical science;
• Transport;
• Value-add in the agriculture, forestry and fisheries sectors;
• Value-add in resources;
• Defence capability; and
• Enabling capabilities.

A consultation paper and submission information can be found at this link.

Submissions close at 11:59 AEDT on Friday, February 3.

Picture: credit www.industry.gov.au

Further reading

LEGISLATION TO LAUNCH NATIONAL RECONSTRUCTION FUND TO BE TABLED TOMORROW

HUSIC KEEN TO GET INVESTMENT FLOWING FROM NATIONAL RECONSTRUCTION FUND

LABOR’S NATIONAL RECONSTRUCTION FUND: A PATH TO REINDUSTRIALISATION?

HUSIC REVEALS NRF FUND DETAILS