The independent corporation managing Australia’s $15 billion industry fund has agreed to a government edict to take a longer view on returns and get a mix of new cheap loans out the door for war affected and clean energy businesses.
The updated intent of the National Reconstruction Fund Corporation (NRFC), sent to government last Friday, acknowledges the additional duties may mean a hit to investment returns in the short term. …
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.