Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Good Business, Politics, Social Enterprise

Major Funding Boost for Social Enterprise


Tuesday, 13th July 2010 at 3:06 pm
Staff Reporter
The Gillard Government has announced two new initiatives to provide support for social enterprise through increased funding and sharing expertise between enterprises and professional firms.

Tuesday, 13th July 2010
at 3:06 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Major Funding Boost for Social Enterprise
Tuesday, 13th July 2010 at 3:06 pm

The Gillard Government has announced two new initiatives to provide support for social enterprise through increased funding and sharing expertise between enterprises and professional firms.

The Social Enterprise Development and Investment Fund will provide funding assistance for the start up and expansion of social enterprises, while the Professional Partnership Project will connect social enterprises that enable disadvantaged people find jobs and training with advice and expertise from key professional service firms.

The Social Enterprise Development and Investment Fund (SEDIF) will provide financial support for the start up and expansion of social enterprises in Australia.

The new approach will see the Government provide up to $20 million in one-off grants to qualified social enterprise investment funds which are able to prove they can match every dollar of Government funding.

Launching the initiative, Parliamentary Secretary for Social Inclusion and the Voluntary Sector, Senator Ursula Stephens, has called for public consultations on the SEDIF.

Senator Stephens says public consultations will ensure the corporate and philanthropic sectors have the opportunity to inform and shape the design and proposed structure of the fund.

She says the SEDIF will build partnerships between the finance, social and corporate sectors, as well as creating an independent financing mechanism for the start up and expansion of social enterprises.

The Professional Partnership Project will match corporate business assistance with social enterprises that aim to help disadvantaged Australians find training and jobs.

Deloitte, Ernst and Young, KPMG and PricewaterhouseCoopers have already signed up to provide pro bono business expertise and support for up to 30 social enterprises funded under round one of the federal government’s $650 million jobs fund.

Senator Stephens says the project represents and important step in the development of long-term partnerships between the Government and the private sector to support highly disadvantages Australians.

For more information on the SEDIF (including the public consultation process) and the Professional Partnership Project, visit www.socialinclusion.gov.au   




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au


Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Purposeful Conversations With Gerry Voon

Ellie Nikakis

Wednesday, 5th December 2018 at 7:30 am

New Community Grants Framework to Boost Social Enterprise Sector

Luke Michael

Friday, 30th November 2018 at 9:00 am

A Practical Impact, Period.

Maggie Coggan

Wednesday, 7th November 2018 at 8:51 am

Buy a Dress, Buy Empowerment

Maggie Coggan

Wednesday, 3rd October 2018 at 8:57 am

POPULAR

NDIS Service Providers Cautious Over Complex Needs Pricing Shake-Up

Maggie Coggan

Monday, 10th December 2018 at 5:11 pm

Australians With Disability Twice as Likely to be Evicted Without Cause

Luke Michael

Wednesday, 5th December 2018 at 5:29 pm

Tech-for-good Companies Merge to Extend Impact

Maggie Coggan

Thursday, 29th November 2018 at 8:34 am

Putting Disability and Leadership in the Same Sentence

Maggie Coggan

Monday, 3rd December 2018 at 8:56 am

Take Survey
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!