- Deliver an investment facility investing in socially and environmentally responsible SMEs in tourism, with low-interest loans in conjunction with business planning and support.
- Provide an online public platform for sourcing grants, investment funds and business expertise, including from tourism industry engagement.
- Enable ongoing business development services that securely and transparently manage loan approval, funds transfer and matching identified needs with expertise.
Private sector funding
Start date: June 2016
End date: December 2017
This partnership will promote inclusive economic growth by enabling the establishment and sustainable growth of SMEs to deliver Sustainable Experience Rich Travel (SERT) products to capitalise on the increasing demand of the Myanmar tourism market. Underpinning the approach is capacity building, a financially sustainable tourism business investment platform, and a growing alliance of partners, together with support for greater gender equality and women’s economic empowerment.
Shared value is defined as policies and practices that enhance the competitiveness of companies while improving social and environmental conditions in the regions where they operate. It is a business strategy focused on companies creating measurable economic benefit by identifying and addressing social problems that intersect with their business. To qualify as shared value, there must be an identifiable economic benefit to the company as well as measurable impact on a social or environmental issue.
The BPP is helping businesses partner with the Australian aid program in achieving shared value – advancing both social and economic objectives. These partnerships are primarily being created in one or more of the following ways:
- Reconceiving products and markets
- Redefining productivity in the value chain
- Enabling local cluster development
Reconceiving products or/and markets
The product is Sustainable-Experience-Rich-Travel (SERT) activity for the growing Myanmar market. The product will be developed via three elements:
(1) The Platform – a central coordinating facility, between clients (SMEs, social entrepreneurs, individuals) in developing countries and the alliance of partners/individuals who support their development.
(2) Clients – support available for clients will include business skills training, legal advice, practical tourism capacity building skills, market expertise and small loans to establish and grow their businesses.
(3) An Alliance of Partners – like-minded companies engaging in different ways, from contributing funding (via tiered membership fees) to committing their skills and time.
Enabling local cluster development
This project builds capacity of new and larger suppliers of SERT products for the tourism market, encouraging SMEs, including community enterprises and women's empowerment.
Gender Equality and Women's Empowerment
All activities will promote gender equality and women’s economic empowerment. This will be reflected in the selection process for the clients the Platform will support, as well as ensuring gender is taken into consideration throughout the Platform’s operating systems, training programs, and those of any partner organisations.
The partnership is between Australian Volunteers International (AVI), Intrepid Group and DFAT.
Australian Volunteers International (AVI)
AVI is an Australian, not-for-profit organisation committed to achieving economic and social development outcomes across Asia, the Pacific and the world. AVI invites change and connects people to bring about change by sharing their skills, knowledge and experience through international pathways and networks. AVI combines extensive cross-sector networks with an evidence-based approach, which contributes to economic, social and environmental change for communities in the region and beyond. AVI supports and co-designs locally driven initiatives that help stimulate sustained outcomes, rewarding relationships between Australians and their international peers.
The Intrepid Group is the world’s largest provider of adventure travel experiences. Over its 37 years of operation, the company has adhered to a socially and environmentally responsible ethos. The partnership advances Intrepid’s interests by ensuring a stronger supply of quality, smallscale partners to satisfy unmet customer demand for sustainable, local experiences beyond major tourist sites. The proposed model strongly demonstrates and promotes the company’s responsible tourism and shared value business operations. It is an innovative channel for long-term and deeper engagement with the company’s socially-engaged customer base. The initial support offered through the BPP means the model can be tested and refined before replication in other markets and destinations.