The Bunya Fund, an initiative of the Business Council of Co-operatives and Mutuals (BCCM) has announced the successful applicants to its inaugural co-operative development grants program, aimed at kick-starting a new generation of member-owned businesses.
The Pack Music Co-operative, a recent start-up music streaming platform owned by WA musicians, Co-operation Housing and the Quairading Farmers Co-op, all members of Co-operatives WA, were three of the ten organisations to secure a share of grants totalling $137,700.
The Bunya Fund was launched by the BCCM in early 2022 to assist Australia’s co-operative and mutual sector by helping early-stage enterprises to develop their businesses. It provides funding for education, training, advisory and mentoring to support worthy co-operatives and mutuals to achieve their goals.
Founding contributors to the Fund include Australia’s largest co-operative – the WA grower owned Co operative Bulk Handling Group, Australian Unity, Bank Australia and Co Power, who collectively provided the initial grant funding with the Fund expected to grow to $500,000 a year.
Click here to read the full BCCM announcement and list of grant recipients.