Sector Readiness Fund – Fund Administrator activity

Category Industry Innovation

Status Closed

State/Territory National

Closing Date & Time

The Australian Government is inviting applications via an open process to apply to deliver services under the Social Security – Working Age Payments – Social Impact Investment in the ‘Sector Readiness Fund – Fund Administrator’ area from 30 June 2018 to 2021.  Funding will be offered to one organisation as a result of this process.

A Social Impact Investing package was announced in the 2017-18 Budget, which included $30 million over 10 years to support social impact investments and grow the social impact investing market. Around $22 million will be used to support Commonwealth-state social impact investments and up to $7.48 million is for a Sector Readiness Fund (Fund) to support capability building for non-government organisations to bring new social impact investments to market.

The Fund will require interaction between three distinct stakeholders:

  • The fund administrator, responsible for delivering the Fund and implementing their own selection processes to distribute grants from the Fund.
  • Grant applicants of the Fund, who will apply to/receive grants from the fund administrator in order to build the capability of their organisation to bring an idea to the impact investment market.
  • Specialist advisors, who will partner with grant recipients and deliver specified capability building activities to support the grant recipient to bring an idea to the impact investment market.

This grant opportunity is for the selection of a fund administrator with expertise in the Australian social impact investing market. As discussed above, the successful fund administrator will be responsible for delivering the Fund and independently implementing their own selection processes to distribute grants from the Fund. This role will involve administering small grants for capability building activities to be undertaken by relevant external specialist advisors with the capacity to provide these services. Specialist advisors providing support to organisations who are receiving grants from the Fund must be external to the fund administrator’s organisation.

The fund administrator will be expected to implement an independent grants process with rigorous selection processes to ensure grant recipients have clear and measurable social outcomes and well-developed, investable ideas.

More information

More information about the services under the Sector Readiness Fund – Fund Administrator activity and requirements for applicants can be found in the following documents:

  • Grant Opportunity Guidelines
  • Questions and Answers
  • Department of Social Services Individualised Grant Agreement Terms and Conditions
  • Sample Application Form

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Other future grant opportunities are published on GrantConnect, the new Whole of Government information system for Australian Government grants.

Contacting the Community Grants Hub

If you would like assistance please call the Community Grants Hub Hotline on 1800 020 283 and/or support@communitygrants.gov.au.

More information about the Community Grants Hub can be found at the Community Grants Hub website.

Please quote 2017-1853 Sector Readiness Fund – Fund Administrator activity when you phone or email the Community Grants Hub.

Grant Opportunity Documents