Please note: this is an old article
It was published in November 2016, so the information may be out-of-date.
The Victorian Government is supporting investment-ready social enterprises to create new jobs and training opportunities, respond to climate change, avoid and recover waste and improve resource efficiency in the Victorian community.
The program provides a combination of grant and low interest loan. Investment-ready social enterprises can apply for up to $200,000 as a combination grant and low interest (2.5%) loan to scale up (expand) their operations.
Funds returned through repaid loans will be reinvested in the program to support other social enterprises. The program will continue until the funding is fully subscribed.
The program is an initiative of the Victorian Government through Sustainability Victoria and developed in collaboration with Foresters Group, a financial services company which specialises in providing loans to individuals, social enterprises and non-profit organisations to improve their financial capacity and resilience.
Please see further information here