Grants for social enterprises
By investing in and supporting employment-focused social enterprises, we aim to help create 10,000 jobs by 2030.
"The ripple effect of a job is powerful. When people work, we leverage all of the talent available to our country. The individual has a sense of belonging and purpose, families and communities are stronger, and so is society.” - Susan Bannigan, Westpac Foundation CEO
The demand for work among vulnerable groups in Australia is growing and is disproportionate to the general population, with close to two million Australians wanting more work opportunities.
These are the individuals at the heart of our 2030 strategy. For over a decade, the Foundation has been working with social enterprises to help them scale and create more jobs and training opportunities for people facing barriers to mainstream employment.
Financial support is just the beginning. We also offer a range of programs to help build the capacity of the organisations we back through access to business expertise, resources and networks through our connection to Westpac Group and many other partner organisations committed to driving social change.
Collaborating for impact
We can have the greatest impact by working together.
Our social enterprise grants are based on a collaborative funding model that brings together like-minded organisations with a vision to create long term sustainable change through job creation.
We work closely with our existing employment-focused social enterprise partners, helping them to maintain and stabilise their businesses throughout COVID, while continuing to plan for their next stage of growth in 2022 and beyond.
In 2020, together with co-funders, we awarded a combined $2.2 million to six social enterprises, including Soft Landing, APY Art Centre Collective, Bama Services, Muru Mittigar, Vanguard Laundry Services and Worldview Foundation.
This year, we have invested $750,000 in seven social enterprises, Good Cycles, CareerSeekers, Dismantle, Hotel Housekeeping, The Bread & Butter Project, Green Connect and Free to Feed, with plans to make further investments in our existing social enterprise partners in late 2021.
Social enterprise grants beyond this will be by invitation only as we currently have multi-year commitments to over 17 employment-based social enterprises. We welcome potential funders and organisations who are interested in helping these social enterprises scale to create more employment and training opportunities for vulnerable Australians.
If you are interested in understanding whether your social enterprise would be a good fit and at the right stage for a social enterprise grant in the future, you can complete our Self-Assessment Survey. Please also subscribe to our newsletter or follow us on LinkedIn.