The Impact Investment Ready Growth Grant, funded by the Australian Government Department of Social Services as part of the Sector Readiness Fund, provides impact businesses and mission-driven organisations with grants of up to $140,000 for business, financial, legal and other capacity building support from providers to secure investment.
Since its initial launch as the Impact Investment Readiness Fund in March 2015, the program has supported 28 organisations (as at November 2018) on their journey to investment readiness, including Hireup and Maths Pathways.
The Grant was originally established by Impact Investing Australia in collaboration with and seed-funded by NAB, in response to the recommendation made in Delivering on Impact in 2014 to help catalyse the impact investment market in Australia.
In late 2018, Impact Investing Australia was selected as the administrator of the $7m Australian Government Sector Readiness Fund (SRF) to enable for-purpose businesses to grow their impact. The $7m SRF, funded by the Department of Social Services, will be managed through an updated version of the IIA Impact Investment Ready Growth Grant.
For all further information including eligibility and how to apply, please visitwww.impactinvestmentready.com.au.