Nov 26, 2019
The good news on the equity capital scene for small businesses and medium sized enterprises continues with the Federal Treasurer Josh Frydenberg, confirming that the Federal Government’s election commitment relative to the establishment of the Australian Business Growth Fund official launch is imminent.
This is great news for small businesses and medium sized enterprises because it will make it easier for these enterprises to access equity which will allow these companies to grow and employ more people.
The Government has acknowledged that improved access to equity capital will reduce risks for small businesses and medium sized enterprises because it will reduce reliance on debt funding.
The government anticipates that the Australian Business Growth Fund will approve equity investment in 30 to 50 companies annually.