Australian businesses will gain access to $6.15 billion in new funding aimed at strengthening critical supply chains and boosting domestic industry, with the Albanese Government fast-tracking key investment streams under the National Reconstruction Fund.
The funding package will provide low-cost, long-term concessional finance to help businesses expand, modernise and respond to global economic pressures, while securing production in sectors considered vital to Australia’s economic resilience.
Three major streams are now open, including a $1 billion Economic Resilience Program offering zero-interest loans to businesses operating in critical supply chains such as fuels, plastics, fertilisers and agricultural chemicals.
A further $5 billion Net Zero Fund will support manufacturing investment and energy efficiency upgrades, alongside building domestic clean energy supply chains, while a $150 million Forestry Growth Fund will back timber processing and manufacturing to support housing construction and regional jobs.
Federal Member for Bonner Kara Cook said the investment was focused on strengthening local industry while safeguarding the economy against global shocks.
“This investment is about backing Australian industry and strengthening the supply chains our economy relies on,” she said.
Ms Cook said Bonner’s mix of industrial and energy infrastructure placed the region at the centre of the national push to improve economic resilience.
“Bonner plays an important role in Australia’s economy, particularly through our local energy and industrial sectors,” she said.
“In a time of global uncertainty, it’s critical we support Australian businesses to remain resilient and competitive.
“This is about building a stronger economy while supporting jobs and opportunities across our community.”
The National Reconstruction Fund is designed to drive investment into priority sectors and ensure Australia retains strong sovereign capability, particularly as global supply chains face increasing disruption.
