The National Reconstruction Fund is the first step in Labor’s plan to rebuild Australia’s industrial base.
The National Reconstruction Fund provides a crucial financing vehicle to specifically drive investment in projects that will build prosperity across the country, broadening our industrial base and boosting regional economic development.
The $15 billion Fund will provide loans, guarantees and equity to support projects that create secure well-paid jobs, drive regional development, and invest in our national sovereign capability, broadening and diversifying Australia’s economy.
Australia has suffered nearly a decade of policy drift since the Liberals goaded the car industry to leave. We rank dead last in the OECD when it comes to manufacturing self-sufficiency.
We need to revive our ability to make world-class products and, in the process, create secure well-paid jobs for Australians.
Through the National Reconstruction Fund, Labor will partner with businesses to unlock further potential private investment of more than $30 billion.
This investment will play to our strengths supporting new and emerging industries, transitioning existing industries to net zero emissions and by making it easier to commercialise innovation and technology.
The National Reconstruction Fund will be administered by an independent board with government setting its mandate to drive investment in key sectors focusing on value adding and capability development to leverage Australia’s natural and competitive strengths including:
The $15 billion National Reconstruction Fund is the first step in Labor’s plan to rebuild Australia’s industrial base, with dedicated support allocated for investments in: