The funding is aimed at addressing the growing mental health crisis among small and medium businesses and their staff.
The VBGF has provided essential capital to Converge, one of Australia’s most experienced corporate mental healthcare providers that has supported more than 2 million workers and over 1,300 organisations through the provision of wellbeing services.
“The Victorian Government is working with the private sector to deliver the growth the economy needs, including superannuation funds, banks, businesses and not for profits,” said Victorian Treasurer Tim Pallas.
“Providing support to businesses with strong long-term growth prospects that are having difficulty accessing capital, is critical as we continue to drive economic recovery and growth.”
Established by the government in partnership with Aware Super and Spirit Super – the VBGF delivers essential funding for Victorian businesses to grow their organisations, while achieving better social outcomes.
Converge will now work with the VBGF’s independent investment manager Roc Partners to implement its business objectives.
