How the Federal Government can help grow social impact investing – audio
What steps can the Commonwealth Government take to help access more private capital for social impact investing to address some of Australia’s greatest social challenges? Mark Peacock explores.
Summary
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- The Commonwealth Government 2017/18 budget included support for social impact investing to the tune of $30.4 million for market development and $63 million over four years to establish a National Housing Finance and Investment Corporation.
- SVA’s recommendations to the Federal Government in response to its social impact investing discussion paper include: appointing a minister and office for social impact investing, supporting the pipeline of investment ready social enterprises; generating demand through social procurement; driving the SIB market; encouraging more outcomes-based commissioning; and providing access to data to underpin new transactions.
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