The Social Enterprise Development and Investment Fund (SEDIF) is a specialised investment fund providing financial products and encouraging capacity building for social enterprises in Australia.
The Government’s $20 million investment will be used to leverage matched funding from the private and philanthropic sectors to enable new systems, achieve greater impact and innovation in service delivery to support highly disadvantaged Australians.
The Government will be consulting widely with the sector to garner views on the financial and business support needs of the social enterprise sector in Australia and to further scope the market for investment. The consultation aims to gather expert advice from the social, legal, financial and philanthropic sectors to inform the design and proposed structure of the SEDIF. This process will employ multiple forums, such as online and face-to-face information sessions.
The consultative approach to design and delivery of the SEDIF will encourage new partnerships between the finance, social and corporate sectors, demonstrating the new and better ways of working together to deliver services to disadvantaged communities and individuals.
This initiative demonstrates a transformative approach to effecting real innovation; building connections between organisations on the ground and larger institutions that together can leverage and utilise the resources and incentives to bring about improvements in service provision and new approaches to social change.
Call for SEDIF applications
The Department of Education, Employment and Workplace Relations (DEEWR) is calling for applications for government grants for the Social Enterprise Development and Investment Funds (SEDIF).
The Australian Government announced in July 2010 that it would provide a $20 million cornerstone investment to seed the establishment of at least two Social Enterprise Development and Investment Funds.
The principal objective of the SEDIF is to establish two or more investment funds which generate social impact investment in addition to financial return and increase capital for social enterprises in Australia through capacity building.
Contact DEEWR regarding the SEDIF through [email protected].
- SEDIF Guidelines PDF 130KB
- Financial and Credentials Information Form XLS 34KB
Applications close 5pm (AEDST) 18 February 2011.