Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Ākina welcomes $1.85m commitment to social enterprise

5 July 2017

Media Release

Ākina welcomes $1.85m Government commitment to social enterprise

Ākina welcomes the Government’s announcement to fund the development of the social enterprise sector in New Zealand with an initial commitment of $1.85m.

CEO of Ākina, Alex Hannant, says that “the social enterprise work going on in New Zealand is world-class but up until now we have lacked the connectedness and sector strategy that makes individual efforts more productive and powerful.”

“Going forward, there are significant social, economic, environmental and cultural benefits to be had if we can better create the conditions for more social enterprises to start-up and succeed.”

Hannant notes that the results from similar commitments globally provide strong precedential evidence for success. “Making progress really comes down to taking a long-term approach”, he explains.

Hannant outlines four objectives critical to the development of the social enterprise sector in New Zealand.

“Firstly, we need to build skills and capability, and provide the appropriate support to social enterprises across the country, through all stages of their development. Done well, this support will pay dividends in both profitability and impact, and radically expand the number of people equipped to innovate.

“Secondly, we need to grow the market for impact investment so there is appropriate financing for both innovation and growth. This means making access to capital more efficient for social entrepreneurs, as well as enabling more investors – be they private, philanthropic, or citizens - to use their capital for social change as well as financial return.

“Thirdly, we need to build the marketplace for social impact, so that consumers and supply chain managers increase their trade with social enterprises and unlock more value through their everyday purchasing and procurement decisions.

“And lastly, we need to establish a sector infrastructure where social enterprises are better connected to each other, where we learn from robust and enabling data, and where policy is connected to needs and opportunities on the ground.”

Ultimately, one of the key things Hannant believes this investment can do is unlock co-investment and collaboration across local government, philanthropy, business, and civil society to enable social entrepreneurs to get on with the job at hand.

The announcement from Government enhances the legitimacy of social enterprise, and enables us to organise, and move forward, with confidence.

There will be no better opportunity to do this than at the Social Enterprise World Forum, which will be held in Christchurch from the 27th to the 29th of September.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Ch-Ch-Changes At IRD

job cuts aren’t happening at the IRD, exactly. Instead, there’s apparently a ‘transformation’ in store, and jobs won’t be axed ; no, they will be ‘transformed’ before our eyes into… non-jobs, if you happen to be among the unlucky legion of 1,900 who are being lined up for transformation, which seems to work rather like a secular version of the Rapture.

Except that at IRD, not even your shoes will be left behind. More>>

 

Christchurch Mental Health: Hospital Too 'Awful' For Reviewers To Visit

Jonathan Coleman has to stop the stalling over a new building for mental health services in Christchurch to replace the quake damaged Princess Margaret Hospital, says Labour’s Health spokesperson David Clark... More>>

ALSO:

Greens Call For Govt Action: Children Sick Because Of NZ Housing

The Royal Australasian College of Physicians president-elect said today that children with preventable respiratory illnesses are being re-admitted to hospital because they're being sent back to cold, damp homes. More>>

ALSO:

Less Tax Cut, More Spending: Labour Launches Fiscal Plan

“Labour will invest $8 billion more in health, $4 billion more in education and $5 billion more for Kiwi families through Working for Families, Best Start and the Winter Energy Payment than the Budget 2017 projections for the forecast period.” More>>

ALSO:

Gordon Campbell: On The Greens’ Room For Political Pragmatism

The Greens here are currently being criticized by the commentariat for not making the same kind of pragmatic choices that sunk the Democrats in Australia. More>>

Gordon Campbell: On Being Humane About Welfare, Child Support, And Tax

It made for an unusual Venn diagram, but Greens co-leader Metiria Turei and Finance Minister Steven Joyce were briefly sharing some common elements this week in the set that says – hey, don’t use the powers of the state in ways guaranteed to make the system you’re trying to defend worse, not better. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election