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New $33m Social Impact Funding in Victoria

5/11/2021

 
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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:
  • There is up to $33 million in funding;
  • It is outcomes-based - that means that service organisations will be funded on the basis of longer-term outcomes achieved, not on inputs, outputs or program activities;
  • The policy area of focus is on those who have had interactions with the justice and the homelessness systems; 
  • The funding is designed for intensive, wrap-around/integrated services for complex cohorts of service users, typically for multiple years of support.
PADs are highly-technical in many respects and so we encourage you to respond to DTF's 'Statement of Intent' process as detailed below.

As you consider your own programs, have a look at 5 elements that are key to social impact bonds.
You may also be interested in an article about what you need to be successful in developing a social impact bond.

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We acknowledge all First Peoples of this land and celebrate their enduring connections to Country, knowledge and stories. We pay our respects to Elders and Ancestors who guide the Aboriginal and Torres Strait Islander community.

  • About
    • Our Team
    • Vision
  • Services
    • Research
    • Service Design >
      • Outcomes-based Infrastructure
    • Operations Systems
    • Data & Analytics >
      • Data Partnerships
      • Data Analytics
    • High Performance
    • Impact & Funding >
      • Social impact bonds
  • Cases
    • Toward Home Case Study
    • Wellways Case Study
    • Hello Sunday Morning Case Study
    • Cricket Victoria Case Study
    • Sacred Heart Mission Case Study
  • Insights
  • Contact