Unveiling our Strategy Towards 2030

Unlocking new possibilities for Indigenous people by connecting them with capital, capability, and opportunity.”
– David Knights, IBA CEO

We are proud to launch our Strategy Towards 2030 – a new roadmap to accelerate economic independence and prosperity for Aboriginal and Torres Strait Islander people across Australia.

The strategy was launched during an online in-conversation event today (Wednesday 12 November) with IBA CEO David Knights and Chair Darren Godwell, who shared insights into the vision, priorities, and opportunities ahead.

Scaling ambition for greater impact

IBA will mobilise between $5 to $7 billion over the next five years to advance the commercial and economic interests of First Nations people.

This follows a landmark legislative change earlier this year, which removed restrictions on IBA's ability to borrow and raise capital from financial markets and private investors.

With this new flexibility, we can expand our remit to include capital market engagement, major project facilitation, and deeper partnerships with First Nations communities – while continuing our core mission of supporting Indigenous Australians to own homes, grow businesses, and invest in their futures.

It's important for our community to know that IBA’s core purpose and values are unchanged.

Key priorities in the Strategy Towards 2030

• Building partnerships with banking and investment sectors to channel resources into projects that deliver both commercial returns and Indigenous outcomes.
• Direct engagement with Indigenous entrepreneurs, Traditional Owners, and chambers of commerce to support economic priorities.
• Bringing more capital to more plans and opportunities for business and economic growth.
• Expanded support for First Nations homeowners and entrepreneurs.
• Strategic focus on priority sectors: housing and construction, clean energy and renewables, mining and critical minerals, government services, agriculture and horticulture, and the care economy.
• Establishing a specialist unit to publish regular economic data on the size, shape, and trends of the Indigenous-led economy.
• Commitment to partnerships with Traditional Owners and First Nations organisations to align with community-led priorities.

You can view the Strategy on a Page here.

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IBA was established under the Aboriginal and Torres Strait Islander Act 2005 (ATSI Act) and is a corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013 (PGPA Act). We reside in the portfolio of the Prime Minister and Cabinet and are accountable to the Australian Parliament through the Minister for Indigenous Australians, Senator the Hon. Malarndirri McCarthy.