As we foreshadowed in our recent newsletter to you, the Victorian Dept of Treasury & Finance is now underway with its Partnerships Addressing Disadvantage (PAD) funding program. The PAD program was announced in this year's State Budget. A few key points:
As you consider your own programs, have a look at 5 elements that are key to social impact bonds.
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Key information and next stepsThe Government is seeking feedback on this new PAD through a Statement of Intent which can be accessed on the DTF website: website link
The Statement of Intent will be open for feedback until 5pm Monday 22 November 2021.
The Statement of Intent:
Two information sessions will also be provided to take interested parties through the Statement of Intent and receive sector feedback. These information sessions will cover the same material and will be hosted on 10 November 2021 and 15 November 2021. Recordings of the sessions will be placed on the DTF website.
If you are interested in attending a session, please RSVP through here: