Skip to main content

Who we are
Who we are
What we do
What we do
Our investments
News and media
Contact us
Contact us
Search

Who we are
What we do
Our investments
News and media
Contact us
- Contact us
- Your proposal

Search

Subscribe

Investment sub-funds

Home
What we do
Investment sub-funds
Net Zero Fund

Net Zero Fund

Last updated: 30 Apr 2026

The $5 billion Net Zero Fund, announced as part of the Industry Sector Plan, is part of the Australian Government’s approach to driving decarbonisation, unlocking new manufacturing investment, and improving energy affordability in hard-to-abate sectors of the Australian economy.

The fund has been designed to:

Support large industrial firms to decarbonise energy-intensive parts of their operations; and
Support investment in the scale-up of domestic manufacturing of low emissions technologies.

The Net Zero Fund has a lower benchmark rate of return to enable the NRFC to invest in earlier-stage proposals, first-of-a-kind projects, or those with large upfront capital requirements and longer repayment periods compared to investments made under the NRFC’s General Fund.

To register interest and apply for the Net Zero Fund

The Net Zero Fund is now open for applications. Please fill out our webform to tell us about your business and/or project and how the Net Zero Fund might support you.

We will then arrange for one of our investment professionals to discuss your eligibility under the fund and assist you with lodging a proposal for investment.

Net Zero Fund webform

Business location and proposal

Where will your proposal be based?

Australian Capital Territory
New South Wales
Northern Territory
Queensland
South Australia
Tasmania
Victoria
Western Australia
National
Other

Principal Australian town or city (required)

Does your business have any locations outside of Australia? (required)

If you answered yes to the above, please describe these overseas locations

Briefly describe your proposal (required)

How does your proposal address Net Zero Fund policy objectives? (required)

Describe how your proposal addresses Net Zero Fund policy objectives to:

support large scale industries to adopt technologies that reduce emissions or
manufacture and deployment of renewable and low emission technologies
crowd in private capital into projects supporting decarbonisation
build new low-carbon industries and grow industrial capability
improve energy affordability in hard to abate sectors of the economy
contribute to Australia’s net zero emissions goal.

How will your impact on the Net Zero Fund policy objectives be measured? (required)

Please explain how your proposal meets the minimum investment requirements, including being at an appropriate stage of development and investment readiness (required)

Where appropriate, please provide an overview of the status of:

Technology Readiness Level (TRL)
Site Selection
Design, engineering and construction arrangements
Feedstock & offtake arrangements
Status and timeframes of required regulatory approvals

Refer to the National Reconstruction Fund Corporation investment guidance (opens in a new window) for more information.

Financial information

What kind of finance are you seeking? (required)

Finance amount ($AUD) (required)

Total project cost ($AUD) (required)

Please provide an itemised breakdown of the proposed use of funds (required)

What is the investment structure and how will it generate returns? (required)

What was the total value of sales for your company in the last completed financial year? ($AUD) (required)

What was the total value of sales for your company in the previous financial year? ($AUD) (required)

What was your company’s Earnings Before Interest and Tax (EBIT) in the last completed financial year? ($AUD) (required)

What was your company’s Earnings Before Interest and Tax (EBIT) in the previous financial year? ($AUD) (required)

What was the net profit of your company in the last completed financial year? ($AUD) (required)

What was the net profit of your company in the previous financial year? ($AUD) (required)

Do you have confirmed co-investors in place? (required)

If yes, list your co-investors and the confirmed commitments of each.

If no, explain your fundraising efforts to date and the current status of each

Provide a short summary of the management team or key staff of your proposal, including relevant experience (required)

When will you need finance? (required)

Contact details

Your first name (required)

Your last name (required)

Company name (required)

ABN (required)

ACN (if applicable)

Company website

Contact first name (if different to the above)

Contact last name (if different to the above)

Position title

Contact email (required)

Contact phone (required)

Please disclose any actual, potential or perceived conflicts of interest relating to the proposal. (required)

Please make sure you have read and understood the NRFC privacy policy.

I have read the privacy policy and consent to be contacted by the NRFC.

I would like to receive general updates from the NRFC

CAPTCHA

Math question (3 + 1 =) (required)

Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Accessibility
Copyright

Contact us
Disclaimer

Freedom of Information
Privacy

Information Publication Scheme
Information disclosure log

We acknowledge the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. We pay our respect to them and their cultures and to the elders past and present.

Return focus to the top of the page