Outstretched hand with drawing of money bag above it on yellow background

The Federal Government announced in the 2017–18 Budget context a number of initiatives to encourage the continued development of the SII market in Australia, including funding of $30 million. The government’s package includes funding of $30 million over ten years, the release of a set of principles to guide the Australian government’s involvement in the SII market, and notes that the government will continue to separately consider ways to reduce regulatory barriers inhibiting the growth of the SII market.

Social Impact Investing, the government says, is an emerging, outcomes-based approach that brings together governments, service providers, investors and communities to tackle a range of policy (social and environmental) issues. It provides governments with an alternative mechanism to address social and environmental issues whilst also leveraging government and private sector capital, building a stronger culture of robust evaluation and evidenced-based decision making, and creating a heightened focus on outcomes.

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