The Morrison Government has unveiled plans to inject $1.2 billion into emerging technologies, digital skills growth, and bolstering innovation for SMEs.
With the 2021 Federal Budget Night just around the corner, tech startups are eager to see what this year’s announcements will have in store for them.
Small businesses are hopeful that the upcoming Federal Budget will spell a much-needed reprieve after a challenging year for many, writes Nina Hendy.
Latest figures indicate the local manufacturing industry has enjoyed a resurgence due to increased demand, and it’s having knock-on effects for employment.
The Federal Budget includes a host of measures to stimulate all levels of the economy, including manufacturing, infrastructure and the regions.
Any business making up to $5 billion can now write off any eligible expense immediately, in a huge expansion of the Instant Asset Write-off scheme.
The Government’s Budget is a welcome sight for SMEs, but it’s the attention to digitising business and empowering female entrepreneurs that makes this plan a winner.
Treasurer Josh Frydenberg has handed down a Budget that delivers on a wide range of economic measures to support businesses in rebuilding the economy.