Queensland Treasury is partnering with social enterprises, impact investors, philanthropy, and the broader for-purpose sector to achieve better outcomes for vulnerable Queenslanders.
Managing the $80 million Social Entrepreneurs Fund, Treasury will oversee the allocation of $20 million per year over four years 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, Treasury is 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 and impact investors, and identify opportunities for greater engagement across the sector.
Issues paper open for consultation
Feedback is currently being sought on priority issues for government action and collaboration, building on the recent survey of the sector by the Queensland Social Enterprise Council and targeted consultation with the Social Impact Advisory Roundtable.