Social Enterprise Australia has commissioned their first report - Business for good: The size and economic contribution of social enterprise in Australia. The report also calls for government to work with our sector on a national strategy to unlock the full potential of social enterprise.
What were the key findings?
What can the Federal Government do to support social enterprise?
The Federal Government has the opportunity to have a major impact by following examples set by other states and by including social enterprise in their supply chains.
If just 1% of Australia’s $265 billion infrastructure pipeline was spent with social enterprise suppliers, it has the potential to create over 9,000 jobs for the most vulnerable people at risk of long-term unemployment over the next five years. The Australian procurement market is worth more than $600 billion per annum. We estimate that a shift of only 0.2% toward social enterprise, over the next 10 years, could create 26,000 jobs.
Our contribution
Social Traders is here to support the social enterprise sector to grow, including building awareness of the sector and advocating to government. We believe that now is the time to rethink how we can all make a significant and positive impact on our economy and communities.
You can access the full story here and download the full report here.
We're calling on the Federal Government to work with our sector on a national strategy to unlock the full potential of social enterprise.