Sixth Partnerships Addressing Disadvantage
Tender ID: 604896
Tender Details
Tender Description
The 2023-24 Victorian Budget announced funding for a sixth Partnerships Addressing Disadvantage (PAD) initiative. PADs have driven innovation in social services and outcome-based funding in Victoria in recent years. Previously referred to as Social Impact Bonds (SIBs) in Victoria, PADs establish partnerships between the Victorian Government, service providers and investors to improve social outcomes for disadvantaged cohorts and are a form of social impact investing.
This new PAD represents a further opportunity for the Government to partner with the service delivery sector and investors to continue improving outcomes for those who need it most. The target cohort for this new PAD will be young people requiring alcohol and other drug treatment with multiple and complex needs.
Please ensure you read through all tender documents - this is not limited to the Request for Proposal and Invitation to Supply documents, but other requirements listed in the Bidder Checklist, such as Local Jobs First Policy and Fair Jobs Code requirements. For any questions, contact the DTF PADs Unit at pads@dtf.vic.gov.au
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