Social Enterprise Development Initiative
The Australian government has committed to funding social enterprises to address entrenched disadvantage, and also committed to codesigning how that funding would be allocated with the social enterprise sector.
Social Enterprise Australia has been working with the government on this and I'm thrilled that they have just opened up workshops for the social enterprise sector to have our say. Please see more info below and sign up to share your views.
From Social Enterprise Australia:
The Social Enterprise Development Initiative is about to be turned from words into action. This year the social enterprise sector saw itself named for the first time in the federal budget, with the $11.6 million Social Enterprise Development Initiative. It has two parts:
Capability-building grants
Online education and mentoring
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The grants will be to support the capability of social enterprises to demonstrate and grow social impact, including to improve their ability to secure capital and participate in the social impact investment market. As the Initiative sits within the Department of Social Services, grants can only be provided to social enterprises focused on people experiencing disadvantage in relation to:
Communities and inclusion
Employment, training and participation
Health and disability
Early childhood development
Aboriginal and Torres Strait Islander peoples
Culturally and linguistically diverse people
The online education and mentoring will be to support the capability of the ecosystem to grow social impact, including to improve their ability to unlock capital for impact and to participate in the social impact investment market.
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All the best,
Jess Moore
CEO, Social Enterprise Australia
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