Australia’s Bunya Fund for co-op development opens for new applications

19 March 2024

BCCM says the fund plays a pivotal role in supporting a range of projects that embody the co-operative spirit across different communities.

The Bunya Fund for co-op development in Australia has opened for its third set of applications, after two rounds of funding supported 16 new and emerging co-ops in 2023.

The Business Council of Co-ops and Mutuals (BCCM), the sector body for Australian co-ops, says the fund “plays a pivotal role in supporting a range of projects that embody the co-operative spirit across different communities in Australia”.

It added: “From community living and affordable housing to sustainable agriculture and vocational training, these initiatives contribute to shared social, economic, environmental and cultural development.”

The Bunya Fund, Australia’s first co-operative development fund, was created to help grow the next generation of high impact co-ops and mutuals. Founding funders include Bank Australia, Australian Unity and Co-operative Bulk Handling (CBH).

Read the full article, Australia’s Bunya Fund for co-op development opens for new applications, Co-operative News, 19 March 2024