This proposal would establish a public investment corporation-the Manufacturing Finance Corporation-that would have a mandate to facilitate private sector investment in commercial advanced manufacturing technologies. The Manufacturing Finance Corporation would have the following features.

• It would be structured in the same way as the existing Clean Energy Finance Corporation in terms of the Commonwealth's balance sheet, and would provide a similar range of investment, financing and concessional loan options. It would be within the general government sector.
• It would begin operating from 1 July 2020 and would be provided with operating capital in five separate special appropriations of $200 million a year, drawing down on these amounts on a needs basis to facilitate investments.
• Loan principal repayments and returns of equity would be reinvested into the Corporation. Earnings (both interest receipts and dividends on equity) would be returned to the government.

The Clean Energy Finance Corporation would share its back office loan management activities with the Manufacturing Finance Corporation.