The National Reconstruction Fund Corporation has been directed to get $1.5 billion out the door over the next year and prioritise the national interest and longer-term gains, after it underinvested in year one and sent most of its support to the resources sector.
In a new statement of expectations sent to the NRF Corporation this week, Industry minister Tim Ayres and Finance minister Katy Gallagher said the government expects it to “deliver investments that align with national priorities”.
The government’s second term priorities are outlined in the letter and include the flagship Future Made in Australia industry expansion program, embracing cutting edge technology like AI and quantum, and driving productivity through advanced manufacturing.
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