Social Impact Investment in Aboriginal Economic Development - RFT-10016621

 

The Office of Social Impact Investment (OSII) on behalf of the NSW Government is seeking innovative partnerships that will invest in earlier intervention to improve social outcomes in complex issue areas. This Request for Proposal (RFP) presents an opportunity to deliver outcomes-focused programs that enhance Aboriginal economic development.

 

In 2017, the NSW Government endorsed a place-based investment opportunity, including in Aboriginal economic development as a priority for OSII.

Aboriginal economic development as a policy area has a strong case for SII as it aligns to the four key attributes of SII:

 

• Outcomes: SII will enable NSW Government to build an evidence base for future policy and service settings
• Innovation: Complex and significant challenges require new and creative policy solutions. SII is an opportunity to try, test and innovate with new approaches
  
• Partnerships: Clear evidence that success in Aboriginal affairs requires NSW Government to work with people and communities. SII involves genuine co-development and community-led implementation
  
• Investment: Compelling case to invest earlier and improve long-term social and economic outcomes. SII is a proven model for driving change in individual service trajectory.
  

As part of the 2018-19 NSW State Budget, $10 million over four years was allocated to a SII specific to Aboriginal economic development.

 

NSW Regions: Far North Coast, Mid North Coast, New England, Central Coast, Hunter, Cumberland/Prospect, Nepean, Northern Sydney, Inner West, South East Sydney, South West Sydney, Central West, Orana/Far West, Riverina/Murray, Illawarra, Southern Highlands

Request for Proposals - An invitation for expressions of interest / seeking preliminary proposals. In many cases these may be used as a basis for shortlisting tenderers, along with other criteria such as expertise and experience. Prospective tenderers are initially evaluated for their proposal against the relevant selection criteria. A number of those who best meet the criteria are invited to tender. For complex or some other types of procurement, where the product or service outcomes are highly dependent on the content of the proposals received from Tenderers, the outcome may be negotiated.

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