Chief Minister of the Northern Territory Michael Gunner. AAP/James Gourley.
More SMEs in the Northern Territory will have the opportunity to apply for government-funded concessional loans and equity finance, as part of a funding measure contained in the 2021-22 Northern Territory budget.
Chief Minister and Treasurer Michael Gunner revealed his government’s spending priorities on Tuesday, with this year’s budget to also include a number of measures to benefit the local tourism and hospitality sectors.
The government has allocated $120 million over two years to the Local Jobs Fund, which was established in 2019 and offers businesses concessional loans, equity co-investments and grants.