The Albanese Labor Government is bringing forward $6.15 billion in concessional capital to support Australian businesses affected by global disruptions.<\/p>\n\n\n\n
This accelerated delivery of funds will help protect local manufacturing and supply chain businesses from market disruptions, and support investments in increased production capability, capacity and decarbonisation efforts.<\/p>\n\n\n\n
The $1 billion Economic Resilience Program, $5 billion Net Zero Fund, and $150 million in concessional finance under the Forestry Growth Fund will open shortly to provide a greater scope of support and concessional finance to Australian businesses.<\/p>\n\n\n\n
The Economic Resilience Program (ERP) will provide zero interest loans to fuel, fertiliser and other critical supply chains businesses to support Australia\u2019s domestic industries and supply chains impacted by market disruptions.<\/p>\n\n\n\n
This will help keep our trucks, trains and planes moving, and our critical production activities online when we need them most.<\/p>\n\n\n\n
Originally on track to open mid-year, the $5 billion Net Zero Fund will open sooner to support new manufacturing investment and improvement of energy efficiency in hard-to-abate sectors. This includes scaling domestic manufacturing capabilities in clean energy supply chains \u2013 such as wind, solar and energy storage solutions \u2013 and the production of low carbon liquid fuels.<\/p>\n\n\n\n
The $150 million Forestry Growth Fund will support timber processing for use in housing construction and investment in mills and processing facilities to move up the value chain.<\/p>\n\n\n\n
These programs are all sub-funds under the Government\u2019s $15 billion National Reconstruction Fund.<\/p>\n\n\n\n
To find out more, subscribe to the NRF\u2019s newsletter for updates https:\/\/www.nrf.gov.au\/subscribe<\/a>.<\/p>\n\n\n\n \u201cToday we are unlocking billions in capital to keep our economy moving forward.<\/p>\n\n\n\n \u201cUnprecedented events overseas continue to disrupt businesses here at home \u2013 the Economic Resilience Program is about investing in more production for fuel, fertiliser and logistics.<\/p>\n\n\n\n \u201cWe are serious about backing Australian jobs, businesses and industries. And today we are taking action to get this money flowing well ahead of schedule.\u201d<\/p>\n\n\n\n \u201cInvesting in Australian industry is about making Australia stronger.<\/p>\n\n\n\n \u201cBusinesses right across the country in dozens of industries are under severe pressure because of unprecedented events overseas.<\/p>\n\n\n\n \u201cBy bringing forward $6.15 billion in capital, the National Reconstruction Fund can more quickly support businesses to increase production, capability and capacity.<\/p>\n\n\n\n \u201cThis will help them to navigate global supply chain disruption and make sure Australia has more of the things it needs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The Albanese Labor Government is bringing forward $6.15 billion in concessional capital to support Australian businesses affected by global disruptions. This accelerated delivery of funds will help protect local manufacturing and supply chain businesses from market disruptions, and support investments in increased production capability, capacity and decarbonisation efforts. The $1 billion Economic Resilience Program, $5 … Continue reading “$6.15 billion brought forward to support business”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-38279","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=38279"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38279\/revisions"}],"predecessor-version":[{"id":38280,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/38279\/revisions\/38280"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=38279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=38279"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=38279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Prime Minister Anthony Albanese:<\/h2>\n\n\n\n
Minister for Industry and Innovation and Minister for Science Tim Ayres:<\/h2>\n\n\n\n