The Centre for Social Impact at the University of Western Australia (CSI UWA) is pleased to announce they have become a founding member of the new Impact Investment Alliance of Western Australia (IIWA).
CSI UWA is joined by Impact Seed, WA Super, the Western Australian Council for Social Service and Impact Collective to create a cross-sector reference group to help guide impact investment by government, investors and other stakeholders.
"CSI UWA is very pleased to be partnering with Impact Seed and others in the launch of IIWA," said CSI UWA Director Professor Paul Flatau. "We believe IIWA will help catalyse the development of impact investment in WA.
"Impact investing funds have the potential to significantly expand the pool of finance that can be used directly to create social impact. This might include investments in aboriginal businesses, or in housing targeted to those vulnerable in the housing market. Another example is the use of debt and equity finance to scale up social enterprises that support employment options for disadvantaged job seekers."
Impact investment seeks to finance solutions to some of society's greatest challenges, and must include a social return as well as a financial return.
For more information on the Impact Investment Alliance Western Australia head to the IIWA website.