Foresters Community Finance

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Foresters Community Finance

• Social Innovation, Education and Research Program

Dr. Ingrid Burkett Social Innovations Manager
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Foresters Research Focus

• Action Research
• focused on practice innovation
• Innovative approaches that maximise social and
  economic impact
• Social Enterprise
• Social Investment
• Community Development Finance

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Two Current Social Enterprise Action Research
Projects
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1. Financing Social Enterprise
Examining the financial needs and financial
realities of social enterprises, with a view to
designing and testing relevant and fair non-grant
financial products in this sector.
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Phase One Report by end Oct 2009

• Financial Needs and Realities of social
  enterprises
• 20 indepth interviews with managers of social
  enterprise around South East Queensland
• Surveys of 13 enterprises
• Indepth financial analysis of 6 enterprises
• International Literature Review
• Elements of Product Design

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Phase TwoNovember, 2009 to November, 2010

• Detailed Product Design of a range of financial
  instruments relevant to social enterprise (will
  cover both debt and equity instruments)
• Testing of products and detailed analysis of
  impact and challenges for selected social
  enterprises.

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2. Social Enterprise and Social Procurement

• Phase One
• Building on social tendering work that was done
  in 2004/5.
• Documenting best practice and processes of
  social procurement around Australia
• (both from Social Enterprise perspective and
  from Procuring Entity perspective)
• International literature review

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• Phase Two
• Extending Social Procurement development of
  frameworks and potential tools for capacity
  building to test development of social
  procurement models in new areas (eg. new
  councils, new entities such as corporations and
  State Governments).

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Foresters Community Finance

• ingrid_at_foresters.org.au