Attracting Talent and Capital for a Future Made in Australia

Anna Rue

I personally guarantee that we will honestly and decently do our job!

PPG was commissioned to evaluate the case for including an ‘Established Talent Stream’ as part of the National Innovation Visa. Our modeling showed that introducing this innovative policy would:

Deliver over $49 billion in patient, long-term capital over the next decade to be invested in Australian national priorities like:
- small business innovation
- Future Made in Australia (FMA) initiatives like reducing carbon pollution (by taking the equivalent of 2,300 cars off Australia’s roads every year)
- increasing affordable housing supply
Support at least 78 small businesses every year, by injecting over $900 million annually into new venture capital investment, directly creating around 4,500 jobs every year
Add upwards of $2.5 billion per year to Australia’s economic growth, generating at least $690 million annually in federal tax revenues
Raise an additional $46 million in R&D funding every year, yielding more than $161 million annually in economy-wide benefits.

We found that these significant economic outcomes could be achieved by awarding only 300 primary visas per year, representing a negligible 0.17% of Australia’s annual migration intake.

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Attracting Talent and Capital for a Future Made in Australia

Attracting Talent and Capital for a Future Made in Australia

Anna Rue

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