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 who are ready for their next stage of growth. Together, we help build a business case for them to attract additional funding pathways.
Four social enterprises – Jigsaw, The Bread & Butter Project, YMCA ReBuild, and STREAT – are the first to benefit from this collaborative funding approach. Together with nine organisations, we are investing $1.7 million in these social enterprises to help create an estimated 850 new employment and training opportunities over the next two years.
Future social enterprise grants will be by invitation only as we currently have multi-year commitments to over 15 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 Westpac Sustain for the latest news.