The first of several information sessions about the WA Impact Fund has been held
The first of several information sessions about the WA Impact Fund – Western Australia’s first investment fund to deliver measurable social, environmental and financial returns – has been held.
The Fund, seeded at $20M by cornerstone investor WA Super and managed by Impact Investment Group, will support both asset based social and environmental impact investment projects, as well as social enterprises that deliver impact across sustainability, social mobility and inclusion.
Achieving an investment mandate
As a delivery partner for the Fund, Impact Seed worked with fund partners in development of an investment mandate. Some investment opportunities already identified include rooftop solar, batteries and energy efficiency for community assets, which includes community housing, aged care, schools, childcare and community centres.
Social Impact Investing is an emerging, outcomes-focussed approach that brings together governments, service providers, investors and communities to tackle a range of complex policy, social and environmental issues. It provides governments with an alternative and innovative mechanism to address social and environmental issues, while also leveraging government and private sector capital, building a stronger culture of robust evaluation and evidence-based decision making, and creating a heightened focus on outcomes, to the ultimate benefit of the users of services.
Opportunity to increase social and affordable housing
Shelter WA believes this is just the start to a significant opportunity to increase the supply of social and affordable housing through social impact investing, specifically through large scale institutional investment. There is significant opportunity to increase the supply of social and affordable housing through social impact investing, specifically through large scale institutional investment.
Shelter WA hosted a recent workshop in partnership with CHIA WA, BOOM! and the Impact Investment Group to discuss energising the community housing sector and how blended finance models could assist with this.
Further information sessions are being held about the WA Impact Fund. Click here to register your interest.