Expert Committee Appointed for Local Jobs Fund

An expertInvestment Committee has been appointed to the Territory Labor Governmentsmulti-million dollar Local Jobs Fund.

The$89 million co-investment fund is aimedat creating more local jobs and accelerating major and significant projects inthe Territory.

TheCommittee will provide advice to the Government and Ministers in relation toapplications for support and on the structuring of transactions. The Committee is made up of credentialedand experienced private sector representatives with strong backgrounds ininvestment banking, finance, legal and commercial negotiations. The Committeeis:

  • Ms Felicity Gates (Chair) founding Partner and Chair ofCastlebridge Infrastructure and former strategic consultant to a majorAustralian pension fund

  • Mr Bill Reeks recently retired Executive Director Macquarie Bank

  • Mr Lachlan Drew Managing Partner Minter Ellison, Darwin

  • Mr Charlie Falanga long term Darwin resident and owner of Astute Finance; 35 yearcorporate banking veteran and former Regional Executive with NAB, NT

Strong interest has been received from local businesses wanting moreinformation about the four products* available in the Local Jobs Fund with theDepartment of Trade, Business and Innovation already in discussions with a largenumber of potential applicants.

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