Australian Manufacturing Commission

The Australian Government is working to establish a new A$15 billion financing vehicle to support Australia’s manufacturing industry. The National Reconstruction Fund will drive investments into priority areas of the Australian economy focussed on value adding and capability development to leverage Australia’s natural and competitive strengths. The Australian Government has announced target investment levels for several areas, including:

• A$1 billion targeted to advanced manufacturing. This investment will help grow advanced manufacturing and support businesses to innovate and move up the technological ladder.
• A$1.5 billion allocated for medical manufacturing
• A$1 billion allocated for investment for critical technologies. This could include technologies that underpin advanced manufacturing such as AI and robotics.

It will provide a range of financing options including loans, equity investment and guarantees.

"The $15 billion National Reconstruction Fund will support projects that create secure well-paid jobs, drive regional development, and invest in our national sovereign capability, broadening and diversifying Australia’s economy." - Prime Minister Anthony Albanese.