The Industry department missed its target for delivering grants and services to regional businesses last year, reflecting the shuttering of the flagship Entrepreneur’s Programme, according to its latest annual report.
Only 15 per cent of grants and services went to regional businesses in the 2023-24 financial year, falling below the 25 per cent target that was introduced in the Albanese government’s first federal budget in 2022.
The cancelled Entrepreneur’s Programme, which was on the Albanese government’s chopping board before it came to power, accounted for 91 per cent of grants and services captured in the target, of which 32 per cent went to regional businesses.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.