Queensland Treasury’s Office of Social Impact is partnering with social enterprises, impact investors, philanthropy, and the broader for-purpose sector to achieve better outcomes for marginalised Queenslanders.
Managing the Social Entrepreneurs Fund, Treasury will oversee the allocation of $20 million per year to identify and amplify social enterprise and impact investment opportunities. The aim is to harness new resources and innovations to improve the lives of Queenslanders.
Social enterprises are businesses that deliver a purpose beyond profit. Impact investments are made with the intention to generate positive, measurable social impact alongside a financial return. These sectors are well placed to help government tackle societal challenges.
In collaboration with investors, community, faith groups, philanthropies, the private sector and social entrepreneurs, we are preparing a co-designed roadmap for social enterprise and impact investing in Queensland.
The sector-wide consultation will help define the role of the Fund in supporting social entrepreneurs, impact investors and the broader for-purpose sector to improve outcomes for people and communities.
Consultation on the Strengthening social impact in Queensland issues paper has now closed. Thank you for your feedback on priority issues for government action and collaboration.
The first program to be delivered from the Social Entrepreneurs Fund is the Impact Revenue Investments program. This is a foundational measure. Further initiatives will be developed following consideration of the sector consultation, as part of developing the roadmap for social enterprise and impact investing, which will be released in late 2025.