Westpac Foundation Community Grant recipients, The Social Studio, Collingwood VIC
We believe that we can help to create a more inclusive Australia, together. Our mission is to help change 100,000 lives by 2030, by providing funding and programs to support social enterprises and community organisations in Australia creating jobs and opportunities for those who need it most.
To help achieve this goal, we commissioned the Centre for Social Impact (CSI) Swinburne to undertake research to identify additional insights into employment-focused social enterprise. The research report, examines employment as a pathway out of disadvantage, and helps to identify where the gaps are and what is needed to help employment-focused social enterprises scale to create greater long-term sustainable change.
Why we focus on employment
A job means an income and being part of something. Yet there are many people that find it difficult to find a job in the mainstream job market. This could be due to a mental health condition, disability, a young person at risk, homelessness or lack of opportunity. We believe that employment is a powerful pathway out of disadvantage and helps to build stronger more inclusive communities.
Labour force participation for people with disability is 45% lower than overall population¹
11.2% youth unemployment is double the overall unemployment rate², increasing to 20%+ in some regional areas³
Only 17% humanitarian migrants are employed after 18 months in Australia⁴
18.2% unemployment for Aboriginal and/or Torres Strait Islander peoples⁵
Future of Work
Technology is changing the future of work, requiring new skills and new ways of working
Sources: 1 Australian Bureau of Statistics (ABS) Survey of Disability, Ageing and Carers, Australia, 2015. 2 Australian Bureau of Statistics (ABS), October 2018. 3 An unfair Australia? Mapping youth unemployment hotspots, March 2018, Brotherhood of St Lawrence. 4 Settling Better, 2017, Centre for Policy Development. 5 Australian Bureau of Statistics (ABS) 2016 Census.
- Investing for job creation
- Programs to drive impact
- Helping local communities
- Collaborating for change
We’re proud to invest in social enterprises that have a proven model for creating jobs for people facing barriers to mainstream employment.
Since 2015, Westpac Foundation supported social enterprises have created 4,704 jobs.
- Grants for Social Enterprises - designed to help social enterprises with a proven model for job creation transition to their next stage of growth.
- Non-financial support including business mentoring and tailored banking support
What is a social enterprise?
Social enterprises are an innovative type of business that exist to create a fairer and more sustainable world.
They operate in all sectors of the community from retail to construction to hospitality, and what makes them unique is that they exist to create impact through trade.
Westpac Foundation supports work integration social enterprises that focus on creating meaningful employment for people overcoming barriers to work.