NAIF debate, page-2

Among the changes, the NAIF will have the capacity to;Significantly broaden the scope of projects it can support Provide smaller loans to projects that create jobs in partnership with other lenders Provide up to 50 per cent equity investment in projects in specific circumstances Assistant Minister for Northern Australia, Michelle Landry, said the reforms will speed up the delivery of projects across the north.“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,” Assistant Minister Landry said.“NAIF has supported projects across a wide range of industries from agriculture, Aquaculture, energy and resources, and these changes mean even more industries throughout northern Australia can apply for loans, which means even more jobs.”

Lets wait and see