WHAT IS THE GREEN OUTCOMES FUND AND HOW DOES IT WORK ?

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Published: April 20, 2020

What is the Green Outcomes Fund?

The Green Outcomes Fund (GOF) is a first of its kind structure, which incentivises local South African fund managers to increase investment in green Small, Medium and Micro-sized Enterprises (SMMEs).

 

How does the Green Outcomes Fund work?

The Green Outcomes Fund, in partnership with the Jobs Fund, will incentivise local catalytic finance partners that it has partnered with to invest in green businesses, as well as track verifiable green metrics. Through a partnership officially signed on 31 January 2020 between National Treasury’s Jobs Fund and GreenCape, the new Green Outcomes Fund (GOF) provides outcomes-based matched (concessional) funding to local investment funds to support investments into local Small, Medium and Micro-sized Enterprises (SMMEs) that make a demonstrable contribution to South Africa’s green economy, as well as job and enterprise creation in priority impact areas. This has been made possible by catalytic grant support from the RMB Fund, a division of the FirstRand Foundation.

 

Who are the Catalytic Finance Partners? The local catalytic finance partners of the Green Outcomes Fund are: Mergence Investment Managers, Edge Growth Ventures, Conservation International Ventures Fund and Business Partners South Africa.

 

How did the Green Outcomes Fund come about? The Green Outcomes Fund is the result of a World Bank Climate Technology Program pilot initiated in 2016, with the Bertha Centre, GreenCape and WWF-SA as the main design partners, set out to test whether a green outcomes-based impact investing fund of funds mechanism would stimulate growth in the South African green economy. The Green Outcomes Fund is aligned with the UN’s Sustainable Development Goals (SDGs) and mobilises private capital in support of these global goals.

 

 

About the Green Outcomes Fund: Through a partnership between National Treasury’s Jobs Fund and GreenCape, the Green Outcomes Fund (GOF) provides outcomes-based matched (concessional) funding to local recipient funds to support investments into local SMMEs that make a demonstrable contribution to South Africa’s green economy, as well as job and enterprise creation, in priority impact areas. Green Outcomes Fund catalytic finance partners: Mergence Investment Managers, Edge Growth Ventures, Conservation International Ventures Fund and Business Partners SA. With knowledge partner: UCT GSB Bertha Centre.

 

For more information around the GOF please see the following link: https://www.greencape.co.za/content/sector/the-green-outcomes-fund

 

Contact:

Adila Cassim (Green Outcomes Fund Project Officer, GreenCape) – greenoutcomes@green-cape.co.za

 

Green Outcomes Fund media inquiries for Jobs Fund input:

Cilnette Pienaar (Head: Communications and Publishing, GreenCape) – cilnette@greencape.co.za

 

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