Business Growth Fund Australia

The fund was officially launched by treasury at the australian chamber of commerce and industry on 27 november with anz cba nab and westpac all committing 100 million matching the federal.

Business growth fund australia. However a new federal government initiative the australian business growth fund abgf aims to inject equity capital into small and medium sized businesses in australia. During its electoral campaign in april of this year the coalition announced that if re elected it would work with the corporate sector to create a business growth fund bgf that would be designed to offer investment to australian smes. Mr healy has had a senior commercial banking career with a focus on assisting sme.

An australian business growth fund would be expected to follow similar international precedents. A similar fund has not emerged in australia to date. The initiative launched on 27 november 2019 was delivered in collaboration with the four major banks and other private industries.

The government also welcomes the appointment of mr anthony healy as the inaugural chief executive officer of the bgf. With a market leading track record of delivering outstanding results for investors business founders and management teams the growth fund invests in businesses headquartered in australia or new zealand with an enterprise value of up to 200m. The government also welcomes the appointment of mr anthony healy as the inaugural chief executive officer of the bgf.

The australian business growth fund bgf has been formally established with the shareholders agreement now signed by all seven shareholders. The entrepreneurs programme provides access to a national network of experienced facilitators. The australian business growth fund bgf has been formally established with the shareholders agreement now signed by all seven shareholders.

Small businesses are the backbone of our economy they employ more australians than any. By way of example since its establishment in 2011 the united kingdom s business growth fund has invested 2 7 billion in a range of sectors across the economy. Now the government s making good on that promise.

They ll work with you to improve your business practices become more competitive and take advantage of growth opportunities. The australian business growth fund is a funding source for small business of long term equity funding backed by the federal government. Commonwealth bank of australia cba has welcomed today s announcement by the federal government to establish the australian business growth fund by committing 100 million in support of the fund.