Celebrating the launch of the Sticking Together Social Impact Bond
On 27 June 2019, SYC Limited, in partnership with the NSW Department of Industry and Social Ventures Australia, hosted an event at TAFE NSW Wollongong Campus to celebrate the official launch of the Sticking Together Project in NSW.
SYC Limited CEO Paul Edginton spoke on the origins of the Sticking Together Project and success of the program to-date. The Hon. Geoff Lee MP, Minister for Skills and Tertiary Education was also on hand to officially launch the program on behalf of the NSW Government.
The event was well attended by representatives from State and Local Government, the employment services sector, and investors, including Anna Watson MP, Member for Shoalhaven and Paul Scully MP, Member for Wollongong and Councillor David Brown, Deputy Lord Mayor, Wollongong City Council.
The NSW Government’s $10 million investment in the Sticking Together Project will support approximately 870 young people with high barriers to employment, develop work readiness skills and capabilities to enable them to find and sustain employment for the long term.
SYC Limited commenced delivery of the Sticking Together Project in the Southern Highlands and Shoalhaven, Illawarra and inner Sydney in April 2019, and is contracted to deliver the service over four years.
The Sticking Together Project is financed through a $5 million social impact bond raised by Social Ventures Australia.