New Zealand social enterprise to get £1bn from public funds
New Zealand’s social enterprise, which helps people find work, will get a £1.5bn injection of public funds as part of the Government’s social reform agenda.
New Zealanders will also get a new public service employment guarantee in a bid to encourage more work among those aged over 65, the country’s biggest cohort of jobless.
The government will also spend £400m over four years to promote social entrepreneurship and help those at the very bottom of the social spectrum get jobs.
Newly elected Prime Minister Jacinda Ardern says the Government is setting a “high bar” for the country to attract new investment and growth, saying it will be the “best investment of the New Zealand economic year”.
“We’re going to deliver on that commitment by providing a good-quality public service and by ensuring that every New Zealander gets a good start on their journey to a new career,” she said.
New South Wales Minister for Social Services Anne Tolley says the injection will help the country “move from being a nation of jobseekers to a nation that’s supporting people in the workforce”.
She said the injection was part of an investment of $1.2bn in social enterprises in New Zealand in the last financial year, with more to come.