Australian PM pledges $1b SME growth fund – Australian Financial Review
|As the Australian Federal election will be held on May 18, Aussie lawmakers are tightening their belts to please the domestic voters. The Australian Financial Review recently came out with a news report claiming that Prime Minister Scott Morrison will today pledge to help create 250,000 new small businesses over the next five years, and will also unveil a equity plan to help a small number of existing small and medium businesses expand.
The scheme will be similar to what’s already being observed in the UK and Canada and will use $100 million as government seed money.
It should be noted that the Aussie markets will be open today with its full force after the Easter holidays resulted in long weekend.
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