More Capital Raising Opportunities!
A government fund to invest in SMEs, that's great news!
The Federal Treasurer, Josh Frydenberg, has announced that the government and banks are forming an investment fund that will be authorised to invest in companies with annual turnovers from $2 million-$50 million.
The fund will be known as the “Australian Business Growth Fund” with the Federal Government investing $100 million and the banks investing $420 million.
Money is only part of the requirements to successfully develop and expand a business. Key components of the life-cycle of a business include:
- Attracting and keeping the right people
- Developing an outstanding leadership team
- Creating a truly differentiated strategy
- Driving flawless execution
When these attributes are combined with having plenty of cash to weather the storms, the business will be in a far better position to survive and grow.
If you are interested in reviewing the opportunities that the new capital raising legislation offers to your business, why not contact us in January for a discussion?