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Statement by NFF CEO Tony Mahar on new small business funding measures

14 November 2018

The National Farmers’ Federation (NFF) welcomes today’s announcement of two new measures aimed at improving access to finance for Australian small businesses.

If executed well, the Australian Business Securitisation Fund and the proposed Australian Business Growth Fund (announced by the Treasurer and Minister Cash today) could play a positive role in supporting the growth of Australia’s farm sector.

In our recent 2030 Roadmap, we set a target of achieving $100 billion in farm gate output by 2030.

A central building block of that growth will be finding innovative solutions to the sector’s $159.5 billion capital shortfall.

We look forward to working with the Government as it refines its plans for the Securitisation Fund and the Growth Fund.

We’ll be focused on ensuring that both these measures unlock meaningful new funding options for regional and farm sector businesses.

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