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SOCIAL ENTERPRISE DEVELOPMENT AND INVESTMENT FUND - SEDIF -. no financial return. below market return. market return. Program-related investment. Grants. Mainstream investments. Recoverable grants. Investment plus. advancing charitable purposes. SEDIF= Social Investment.
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no financial return below market return market return Program-related investment Grants Mainstream investments Recoverable grants Investment plus advancing charitable purposes SEDIF= Social Investment H Anheier: from Philanthropy to Social Investment SEDIF expected range
The objectives of SEDIF are to build social investment capacity in Australia Short Term Objectives Longer Term Objectives • Provide access to capital for social enterprises; • Support innovative approaches to achieving social change; • Demonstrate the potential for funds which target blended returns; • Demonstrate the capacity for greater leverage from investment. • Build a marketplace for new social investment opportunities; • Develop a greater understanding of the market for social investors in social enterprise and stimulate new entrants • Support strategic capacity building and, over time, stimulate mainstream finance for social enterprises.
Social Enterprise Development & Investment Fund (SEDIF) Investing in the early growth phase of the lifecycle of social enterprise with aim of converting the pipeline of new innovation and supporting emerging enterprises to grow into viable businesses High Finance for early ideas: small development grants, In-kind support, modest equity Investment/ seed capital: social investor loans, foundation grants, social venture funds Investment Risk Investment funds for growth: grants, social loans, govt loans, foundations, commercial finance Low Early Expansion/growth Seed Start Up Maturity Social Enterprise Life Cycle
Consultation Framework: Performance Targets Evidence of Equity gap Investment Supply Impact Areas for investment Demand • Consultation • Framework Fund Objectives Business Support Timing Overhead Costs Requisite Scale Portfolio Approach
Involvement in the Consultation Process: • 1. Utilise OnIMPACT, the Australian Social Innovation Forum to participate in online discussions, information sharing and responses to targeted questions. • 2. Respond to the consultation paper via email or hardcopy. • 3. LiveMeet sessions can be conducted if demand indicates this is necessary. Contact us via email.
Main Areas we are seeking feedback on: Questions on social enterprise and social investment. Questions on the objectives, functions and design parameters for the SEDIF. Questions on management, governance and performance.
email: socialinnovation@deewr.gov.auweb: www.socialinclusion.gov.au/Initiatives/Pages/SupSocEnterpriseforum registration: https://projects.deewr.gov.au/Registration/Pages/Register.aspx?ProjectCode=SICforum login: https://projects.deewr.gov.au/SocialInnovation CONTACT INFORMATION