Bunya fund impact report: empowering the next generation of Australian co-operatives
The Bunya Fund, established by the Business Council of Co-operatives and Mutuals (BCCM), is a pioneering initiative designed to support the next generation of Australian co-operatives and mutuals. As part of its mission, the fund selected ten co-operatives to receive monetary awards, providing crucial early-stage support to help these organisations thrive.
Key findings from the Bunya Fund impact report 2022–23
The Bunya Fund Impact Report 2022–23, authored by Professor Emmanuel Josserand, former Director of the Business Insights Institute, sheds light on the significant influence of the fund in two critical areas:
- Accelerating impact for resource-constrained co-operatives:
The report underscores how the Bunya Fund provides essential early support to co-operatives that are often short on resources, enabling them to accelerate their impact and achieve their goals more effectively. - Amplifying growth potential:
By backing projects with strong growth potential, the fund amplifies the impact of the co-operatives it supports, ensuring that the difference made far exceeds the monetary investment.
Measuring impact through the lens of the United Nations sustainable development goals
The report evaluates the benefits of the Bunya Fund by assessing the impact of the recipients across three dimensions—foundational/economic, social, and environmental—aligned with the United Nations Sustainable Development Goals (SDGs). This comprehensive assessment provides valuable insights into how the fund contributes to broader societal goals.
Recommendations for future management and assessment
In addition to evaluating the impact, the report presents five key recommendations for improving the management, communication, and assessment of the Bunya Fund program. These recommendations are crucial for ensuring the continued success and sustainability of the initiative.
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