The budget is light on business spending, but does include a new $100 million Business Growth fund for SMEs. This could be instrumental in addressing the ongoing difficulty of business lending for SMEs.
The Government is also continuing the Regional Strategic Partnership Fund and putting some money towards designing its earlier announced income insurance scheme. Apprenticeship schemes are getting an additional $230 million in funding, which may eventually help address some of the current skills shortage in our labour markets.
We will keep you updated with further information as it comes to hand.