BLOG IMAGE Senator Larissa Waters

The Greens to introduce new policy supporting women-led businesses

In 2021 Femeconomy, in partnership with THE Rural Woman and economic Security4Women presented policy recommendations to Parliamentarians and their staff on how to create gender equality using economic levers. We are very excited to share that The Australian Greens have included our recommendations in their latest policy announcement.

1. Legislating procurement policies

The Greens will legislate to require government agencies to spend a minimum of 3% of their annual procurement budget with women-led businesses.

Setting minimum procurement targets for women-led businesses benefits everyone in the supply chain and helps women-led businesses to grow.

2. Establishing a micro-financing facility

The Greens will establish a $10 million micro-financing facility to provide low-and no-interest loans up to $10,000 to women-led businesses in regional areas who struggle to access traditional finance.

The micro-financing scheme would also offer financial training to borrowers, and refer businesses to the Boosting Female Founders Initiative program for mentoring and support.

Thank you to Senator Larissa Waters, Jess Feehely, Guy Mosel and The Greens for taking action to create gender equality. These policies will help create economic security for women and increase workforce participation.

Thank you to the incredible Rebel Black, Sharen Steel-Page and eS4W’s dedicated Board members, partners and member organisations who work tirelessly to create gender equality in Australia

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Posted by Jade Collins - Femeconomy Founder

Mother, wife, daughter, determined dreamer. Lover of books. Background in Human Resources leadership in global organisations.