The head of the Australia’s $15 billion industry fund has thrown his support behind the more interventionist approach of the Albanese government, as he prepares to turn on the taps for local manufacturing projects.
Due diligence is currently underway on the first projects to receive investment from the National Reconstruction Fund (NRF) that was promised more than two years ago but has only been operating since August. Decisions and an announcement on its first investment will be made within months.
It times the first deployment of the $15 billion NRF with what is shaping as a new era in Australian industrial policy, a change of thinking that the fund’s chair says is desperately needed.
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Unbelievable. No wonder Australia is at 93 out of 133. We will go lower with this sort of strategic waffle.