Engaging the private sector is at the cornerstone of Australia’s modernised aid program, supporting economic growth, incomes and jobs. The Business Partnerships Platform (BPP) contributes directly to accelerating Australia’s collaboration with business to address development challenges in our region.
The BPP matches funding from business for projects that support commercial objectives whilst advancing Australia’s aid investment priorities, allowing DFAT to increase the number of its private sector partners, leveraging the experience and ability of business to address intractable development challenges.
The BPP enables businesses to invest in projects in developing countries with a social and commercial return by enabling them to benefit from DFAT’s:
- Convening, brokering and influencing abilities in partner countries
- Deep knowledge of the business, political and regulatory environment in the developing countries where Australia’s aid program operates
- Support in creating a more attractive business operating environment through our broader policy reform and governance programs.
Partnerships through the BPP will create scalable shared value partnerships that advance economic and social conditions in developing countries, based around three principles:
DFAT country, regional or global development objectives achieved.
Increase in number of businesses partnering with the aid program.
Partners’ commercial interests and social impact advanced.