Sector Readiness Fund - Fund Administrator

Overview

The Australian Government is inviting applications via an open process to apply to deliver services under the Social Security – Working Age Payments – Social Impact Investment in the ‘Sector Readiness Fund – Fund Administrator’ area from 30 June 2018 to 2021.  Funding will be offered to one organisation as a result of this process. A Social Impact Investing package was announced in the 2017-18 Budget, which included $30 million over 10 years to support social impact investments and grow the social impact investing market. Around $22 million will be used to support Commonwealth-state social impact investments and up to $7.48 million is for a Sector Readiness Fund (Fund) to support capability building for non-government organisations to bring new social impact investments to market. The Fund will require interaction between three distinct stakeholders:•The fund administrator, responsible for delivering the Fund and implementing their own selection processes to distribute grants from the Fund.•Grant applicants of the Fund, who will apply to/receive grants from the fund administrator in order to build the capability of their organisation to bring an idea to the impact investment market.•Specialist advisors, who will partner with grant recipients and deliver specified capability building activities to support the grant recipient to bring an idea to the impact investment market. This grant opportunity is for the selection of a fund administrator with expertise in the Australian social impact investing market.