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July 2019 News
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Help Build WA's Social Enterprise Map for 2019 and Beyond


Through the support of the State Government's New Industries Fund, The WA Social Enterprise Mapping Project will seek to understand the current and potential capacity of the social enterprise sector in WA.

The Social Enterprise Mapping project is driven by imperatives such as:

  • Impact investment
  • Social procurement policy and enterprise accreditation
  • Development potential and capacity building
  • Measurement of the impact of the sector in the economy in terms of job creation potential and social/environmental outcomes

This project will also inform the creation of a WA Social Enterprise Council in conjunction with the Impact Investment Alliance of WA launch with Hon. Ben Wyatt MLA. Treasurer; Minister for Finance; Aboriginal Affairs; Lands, in September 2019.

The linkage of the Alliance and a new Council will create a link between funding sources and the sector, with the vision for the Social Enterprise Council being to:

  • Promote and grow the social enterprise sector in Western Australia
  • Provide a representative voice for WA's social enterprises
  • Trusted advice and advocacy to Government
  • Through IIWA affiliation, provide linkages between funders and sponsors including  foundations, corporates, government agencies and impact investors
  • Support participation, collaboration, innovation and co-investment into social enterprises and social innovation in Western Australia.

If you are a WA-headquartered social enterprise, or a not for profit organisation looking to build a new social enterprise, then we would love to hear from you.  Please share this link with your networks across WA.  We want to ensure the map offers the most complete picture of social enterprises across WA.
 

Please register your social enterprise here
SUBMISSIONS CLOSE FRIDAY 23-AUGUST.

 

The form only takes 3-5 minutes to complete and we appreciate your considered responses for this important project.

REGISTER NOW

New WA Container Deposit Scheme Could Deliver up to $40M pa Boost for Social Enterprises

The new WA Container Deposit Scheme commencing in 2020 will provide a 10 cent deposit refund available to consumers on return of up to 1.3 Billion eligible plastic bottle and cans to approved collection points in WA each year.

Announcing the new Scheme Coordinator, Minister Dawson said: "One of the first tasks is to run an open application process to establish the collection network..and support for social enterprises to participate"

Between now and September 2019, a procurement process will be open encouraging applications from WA Social Enterprises wanting to establish as Refund Points under the new Scheme which commences 1 June 2020. 

Social Enterprise Refund Points will have to demonstrate employment outcomes for disadvantaged Western Australians, and with an estimated 6 cent processing fee for the Refund Point, this could create a potential new social enterprise funding opportunity of up to $40M per annum, based on just half of the 1.3B containers under the Scheme being returned.

The Container Deposit Scheme also offers other roles for Social Enterprises based on their interest and capacity, including:

  • REFUND COLLECTION POINT PROVIDER
    (responsible for the operation of Refund Points, including paying refunds to customers, counting and sorting the collected containers, prep of containers for pickup by Logistics/freight providers)
  • LOGISTICS/FREIGHT PROVIDER
    (responsible for picking up Containers and transporting them to a Processing Provider)
  • PROCESSING PROVIDER
    (who is responsible for verifying container numbers, preparing the containers for recycling, and selling processed materials via the WARRRL auction platform)
  • DONATION POINT
    (an organisation that accepts gifts of Containers from the community)

More info and formal registrations of interest directly with Scheme Coordinator, WARRRL can be found here.

The WA social enterprise mapping project (outlined above) will also provide considered input to the Scheme Coordinator and can be accessed here.

EOI's Now Open for Social Enterprise Development & Incubation in the West Kimberley and Gascoyne

 Expressions of Interest are now open for social enterprises in the West Kimberley and Gascoyne region to seek Impact Seed’s incubation and development support under the Regional Social Enterprise Incubation Pilot to be delivered under the McGowan Government’s $4.5M Regional New Industries Fund.
Applications close 31 August 2019.

Impact Seed’s support program fills an unmet need in piloting place-based incubation of emerging social enterprises including Aboriginal social enterprises that have the capacity to deliver blended financial, social and environmental returns to remote and regional communities.  

Successful applicants will receive:

  • Practical one on one development support for their social enterprises towards commercialisation and investment readiness
  • Group workshops covering social enterprise development and impact investment readiness, business modelling, governance, market validation, impact strategy and measurement and team structures
  • Access to Impact Seed's social enterprise development toolkits and resources, and professional mentoring and connections through Impact Seed's network

Importantly, Impact Seed’s approach will also support local capacity building through on-the-ground partnerships and skills-transfer, enabling sustainable development, driving social innovation and economic diversification in the Kimberley and Gascoyne.

This EOI closes 31 August 2019 and successful applicants will be informed by email by 30 September 2019.  The application process preferences existing social enterprises or existing organisations seeking to develop a new social enterprise. 

Please note that a co-contribution may be asked from successful applicants based on project scope and capacity. Click here for more information.

GASCOYNE & WEST KIMBERLEY APPLICATIONS OPEN NOW

Our Top Articles & Opportunities of the Month

We’ve trawled the innards of the internet to bring you a curated look at the world of impact investment, innovation, social enterprise, critical thought and reflection.
 
  1. The 2040 Movie is an idealist's vision of a healthy Earth in 21 years time.  A brilliant, optimistic movie confronts the issue of climate change immediately and presents a hopeful potential vision for the future. It is designed as a cinematic letter to actor/director Damon Gameau’s four-year-old daughter who will inherent the environmental sins of our current generations, and looks at practical solutions such as clean energy, regenerative farming and urban farming as carbon sinks, local circular economies and production, community owned rideshares, and doughnut economics.  It was released in Perth last month and is likely nearing the end of its limited run at Luna Leederville.  Make sure you get along!  Tickets here.
     
  2. "The Uninhabitable Earth" should definitely be read in tandem with the 2040 movie.  It reads as a cold, hard and terrifying reality check of the urgent action needed (read urgent as a turnaround in the next 5 years) to avoid 2-4 degrees of warming.  But what does "2-4 degrees of warming" mean?

    "The past 30years have seen humans produce half of all carbon emissions in our history. 25% of those happened since 2007. Now we're at 1.1degrees warming. By 2029 we'll need a 30% a year emissions cut to avoid 2-4C of warming.

    The last time the earth was 4C hotter, sea levels were 80 metres higher.

    The green energy tech revolution yielded cost reductions far beyond predictions of optimists, but hasn't bent emissions downwards. After billions of dollars spent and thousands of innovations later, we're precisely where we were when hippies were affixing solar panels to their geodesic domes. That's because the market has not responded by retiring dirty energy sources, replacing them with clean ones. It responded by adding new capacity to the same broken system.

    In the past 25 years, despite solar costs falling >95%, the proportion of solar energy use hasn't grown an inch. Solar isn't eating away at fossil fuel use, it's buttressing it. To the market this is growth. To humanity it's virtually suicide, In 2019 we're burning more coal than in the year 2000"


    This is a great book which posits with clear evidence, the urgent need for behaviour change.
     
  3. Rates of Return on Everything. A New Database: Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found. The latest release of the INET-sponsored Jordà-Schularick-Taylor Macrohistory Database presents new avenues for research on wealth inequality, asset pricing, financial stability, and secular stagnation. The new database covers total returns for all important assets classes—equity, housing, bonds, and bills—across 16 advanced economies from 1870 to 2015. More here
     
  4. Considering impact investment or social enterprise as a Not For Profit?  6 important questions to ask first:
    1) Is your organisation primarily interested in impact investing to generate new revenue for the organisation or to amplify its mission?
    2) Who are you? Before pursuing impact investment, consider the motivations and mission of your staff and stakeholders. Which aspects will help? Which will hinder?
    3) Do you know your strengths? The right impact investing approach should match the organization’s existing assets
    4) Are you bringing in known, trusted values aligned partners
    5) Does your board understand and embrace risk/reward
    6) Is your organization in contact with enough impact-oriented businesses in which it can invest?
    More here.
     
  5. “There are only around 25 employment-focused social enterprises in Australia that pay award wages and are employing more than 50 people. That's nothing when you compare it to the $800 million Disability Employment Services system, so we need to build bigger stronger social enterprises.”

    Government give DES providers $17,000 for every person employed for 26 weeks, compared to an average payment of $5,000 for a social enterprise.

    Employment-focused social enterprises are the key to fixing some of Australia’s biggest social problems.  More here.
     
  6. Equity-Crowdfunding: Shebah and Food Connect both received >90% of their investment from women... Women were not 'sold' on outstanding future returns on "equity" in the shareholder sense, but on purpose: on "equity" in its original definition of fairness.  More here.
     
  7. WA's Agriculture Minister Alannah MacTiernan interviewed on one of the greatest moves towards a Government Ag impact investment policy the State has seen - regenerative land practices:
    "In WA we have ancient and fragile soils and for a century, farming of these soils has been carried out in a classically western manner..with chemical fertilisers, increases in yield; But also with input costs rising. We shouldn’t just see our soils as something to which we apply chemical additives to get the plants to grow. Rather, there is a more complex story to be told about how nutrients are made available. We have seen a whole range of farmers who are changing the way they manage soils. Regenerative farming is a different concept to ‘traditional, organic’ farming practices..Those looking for another dimension to their farming life have committed to sustainability and working with the land. This is a fundamental principle to regenerative agriculture..working with the land rather than necessarily working against the land. As government, we have a part to play."
    More here.
     
  8. Further on regenerative farming: Some really exciting numbers, initiatives, and impacts outlined in this article. Impact investment in regenerative agriculture has the potential to make serious inroads in carbon reduction, improving soil health, and providing economic opportunities for WA's regions. Over the next year we will be pushing hard with some of our partners to see this realised. We will be running masterclasses for investors, a forum in early 2020, and working with stakeholders to identify investable opportunities. If you want to get involved or learn more hit us up at team@impactseed.org
     
  9. Moving from "A**hole investing" to investing:  "Impact investing is not a thing you can invest in. Impact is a lens that you apply to how you invest. So why pick allocating 10 or 20% of your portfolio? Are you saying “I’m going to care about the outcomes with 10% of my portfolio but not care with the other 90%?” Either do it or don’t do it; And if you’re a foundation you should absolutely be an impact investor. The money you manage and invest is there for the public good, so extract every last good out of it you can. Do it in the way you grant and the way you invest". More here
     
  10. Impact investing is growing in Australia and around the world. For some NFPs, impact investing offers new ways of achieving their purpose with a different form of investment. There is a lot of money available for impact investing, but very few charities have investment ready proposals.  In 2018, CCA and Life Without Barriers ran a series of CEO forums to look at what can be done to bridge the gap between investor interest and investment readiness.  We brought together expert impact investing intermediaries with leaders from across the charities sector in a frank sharing of experience, wisdom and learning. More here
     
  11. How Borrowing Things From Our Neighbors Strengthens Society 
     
  12. And to round out - Book now for our next Perth F*Up Night on 14th August.  Tickets here.  This event always sells out early, so be quick!

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