Powering the Growth Economy 2024

Australia’s first report on the Growth Economy

Representing only 6% of all businesses, the Growth Economy powers Australia’s prosperity, driving 42% of employment, 47% of R&D, and contributing 26% of GDP.

Despite their importance, Growth Economy businesses face a persistent barrier: scarce fit-for-purpose equity funding.

The result is a $38 billion equity funding gap.

 

 

Commissioned by the Australian Business Growth Fund, “Powering the Growth Economy” is Australia’s first-of-its-kind report on the Growth Economy – established businesses with revenues between $2 million and $100 million.

Based on interviews with over 3,500 SMEs, ATO and ABS customised data sets, and economic modelling, the report highlights the size and impact of Growth Economy businesses, the rising demand for equity funding, and the potential economic gains if the funding gap is addressed.

Download the report to explore the key findings and how we can close the equity funding gap to fuel Australia’s long-term prosperity.

 

POWERING THE GROWTH ECONOMY

 

 

Key insights on the Growth Economy

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Growth Economy businesses driving innovation, jobs, and Australia’s prosperity

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of Growth Economy businesses cite access to funding as a major barrier to growth

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of these businesses sought external equity in the past three years,  but 53% were unsuccessful 

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of equity funding comes from family and friends, rather than value-adding institutional investors

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potential revenue growth could be unlocked with greater access to equity funding

“Australia’s private capital investment market has grown steadily and significantly over the past decade making a substantial contribution to Australia’s economy. Despite this progress, our current levels of private capital are a fraction of the total funding required to meet Australia’s most pressing priorities.

Private capital investors like the Australian Business Growth Fund are taking a targeted approach to address the unmet financing needs of certain segments of the economy, in this case Australia’s SMEs.”

Navleen Prasad – CEO, Australian Investment Council

POWERING THE GROWTH ECONOMY 2024

The report maps out a clear path to close the gap and unlock the Growth Economy’s full potential. Download the report now to explore the key findings and how we can close the equity funding gap to fuel Australia’s long-term prosperity.

Download report