This Month
Coalition to strip $14.5b from key Labor fund
The National Reconstruction Fund was a centrepiece of Labor’s 2022 election pitch to revitalise local manufacturing, but the Coalition has other plans.
March
Labor bets $15m on using quantum technology to fight cyberattacks
The government’s National Reconstruction Fund is the lead investor in a funding round for Canberra-based QuintessenceLabs, which is also backed by Westpac.
January
Labor pledges $32m to keep Young Rich List AI firm in Australia
The investment comes a day after $1 trillion was wiped off US tech giant Nvidia’s value on concern over Chinese start-up DeepSeek’s cheaper rival to ChatGPT.
Labor boosts backing of Rinehart-backed Arafura to $1b
In its biggest outlay to date, the $15 billion National Reconstruction Fund has agreed to take a $200 million equity stake in the rare earths player.
December 2024
Labor’s manufacturing fund takes stake in quantum tech company
The National Reconstruction Fund has taken a $13 million stake in Quantum Brilliance, which aims to build an Australian-first facility to make diamonds used in quantum computers.
November 2024
Labor’s $15b reconstruction fund makes landmark first investment
Donald Trump’s retreat from the renewable energy transition is good timing for plans to reboot domestic manufacturing, says the National Reconstruction Fund head.
June 2024
The fund meant to save Australia held ‘sham’ meetings
The $15 billion National Reconstruction Fund is struggling to find investments, but it is great at holding meetings.
April 2024
Albanese’s new fund manager CEO doubles down on meetings
The new $15 billion National Reconstruction Fund is already doing strange things, including holding its first two board meetings on the same day.
Tritium is ‘a lost opportunity’ for local manufacturing, says PM
The closure of the fast charger company’s Brisbane factory is the sort of thing the government is seeking to prevent with its new policy.
Small business lacks capital, the NRF thinks it has the answer
The new chief of the National Reconstruction Fund wants to use his $15 billion pot to encourage super funds and banks to invest in normally overlooked ventures.
Floods prompt calls to revive dam wall plan
Residents in the Hawkesbury region experiencing their fifth major flood in two years are urging the government to reconsider a plan to raise Warragamba Dam.
January 2024
How the new $15b fund boss will revive manufacturing
Former Macquarie Group executive Ivan Power is the boss of the NRF, a key plank of the Albanese government’s agenda to revive manufacturing.
January 2024
Why $30b in business innovation support is not working
Australia has a scale-up and not a start-up problem, a new report has found, with few medium-sized firms hungry to innovate and grow globally.