Social enterprises are a critical tool for a more inclusive and regenerative economy that drives innovation.
“In recent years we’ve seen more extreme weather, a pandemic, and a cost-of-living crisis. Australia’s social, environmental, and economic challenges hit the most disadvantaged people hardest – and they demand new responses.”
“There are an estimated 12,000 social enterprises in Australia and increasing recognition of their impact. But they need targeted support to reach their potential.”
“Social enterprises can help. They innovate for social and environmental good – and harness the power of business to test and scale new ideas.”
Social Enterprise Australia
The Federal Government is already investing in parts of what’s needed to unlock their impact. To build on this, three things are urgently needed to amplify impact:
- A national strategy, co-designed with the social enterprise sector
- A national impact map, and free online tool for social enterprises to measure, track and demonstrate their impact
- Investment in social enterprise including an innovation fund; social enterprise procurement targets and inclusion in procurement platforms; expansion of existing initiatives; and low-interest, flexible loans
Social Enterprise Australia is leading this important campaign calling on the Australian Government to help unlock the impact of social enterprise and make social enterprise business as usual.
Check out their Unlock the Impact of Social Enterprise submission to the Federal Government for this year’s budget ask and join the campaign!
