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The new board of the National Reconstruction Fund has held its first meeting in Sydney on Monday.
The government’s $15 billion scheme is designed to provide finance for emerging technologies and industries through a range of loans, guarantees and direct investment.
Industry Minister Ed Husic joined Englishheadline Australia to discuss the NRF board’s meeting.
“This marks the formal transfer of responsibility into this independent board that will manage the reconstruction fund and the $15 billion that will be available to revitalise manufacturing and create jobs,” Mr Husic said.
“We brought together a really high calibre board with different skills from different parts of the country.”
