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

Latest news

11 July 2024

Co-ops ease cost of living in regional areas

Listen to today's interview about the benefits of co-ops and how co-ops are keeping key businesses alive in regional areas.
10 July 2024

This alternative to supermarkets can help you save on groceries, but most people don't know it exists

Families are making significant savings by forming small shopping co-ops but cooperative business structures account for less than 1 per cent of the supermarket sector in...
08 July 2024

The big idea to take away from the UK election

BCCM CEO Melina Morrison discussed what the government can do to level the playing field for co-ops and mutuals in the UK and Australia with ausbiz.