Minister of Energy and Business Development Senator Lisa Cummins has proposed a revamp of how government funding is provided for entrepreneurs, as she admitted that the current approach is not working.She has promised to undertake the ambitious task of “creating a financing ecosystem” that provides financing options tailored to each sector based on its unique vulnerabilities and challenges.“One of the new things I would like to be able to work through is a refashioning of the way in which we approach financing for entrepreneurs,” said the former Tourism Minister who was given the current ministerial portfolio just over two weeks ago.“There is quite a body of work that has been done in the different types of support that different sectors need. What is needed for manufacturing is not what is necessarily needed for agriculture; what is needed for agriculture is not what is necessarily needed for the creative economy.
