Department of Veterans’ Affairs Funding Announcement

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DEPARTMENT OF VETERANS’ AFFAIRS SUPPORTS PRINCE’S TRUST AUSTRALIA ENTREPRENEURSHIP PROGRAM FOR VETERANS AND THEIR FAMILIES

9 November 2020

Prince’s Trust Australia (PTA) is pleased to announce grant funding for entrepreneurship training and programs from the Australian Government through the Department of Veterans’ Affairs (DVA).

The grant funding is part of a $6 million package announced as part of the 2020-21 Budget to broaden the Prime Minister’s Veterans’ Employment Program, with this to include assistance for veterans and their families considering self-employment through small business development and entrepreneurship.

The veteran community is uniquely positioned to contribute to Australia’s small business community, having developed key skills including in innovation, problem solving, agility and project management.

To date, Prince’s Trust Australia has supported more than 450 participations through their entrepreneurship training program.  The program provides transitioning defence members, veterans, and their families with the confidence, skills and support they need to explore and start their own businesses.

With support from the Australian Government, Prince’s Trust Australia will continue to scale and develop new programs designed to build capacity and competitiveness for veteran and family entrepreneurs across Australia.

The Hon Julie Bishop, Chair of Prince’s Trust Australia remarks:

“Today our veterans and their families face complex challenges as the future of work is changing rapidly.

The funding support received from the Department of Veterans Affairs (DVA) will enable us to rapidly scale our successful and high impact Enterprise for Veterans program.

Our program is unique in two important ways. First, it supports veterans to develop the entrepreneurial and technical skills to start and grow a small business.

Secondly, it supports veterans’ partners, as their careers have often been impacted by life in the defence force.

Our program is free and gives veterans the confidence, networks and skills they need to set up a business.

The funding will enable us to support even more veterans and their families to continue to make a contribution in their post-military life”

Prince’s Trust Australia is working towards a target to support 10 percent of all transitioning defence members into self-employment by 2023.

Why is this important?

The adjustment to civilian life after the military is complex for contemporary veterans and their families.

For veterans, navigating challenges, including translating skills and capabilities to civilian workplaces, and change of identity and purpose, can have a significant impact on their long-term well-being.

Career opportunities for Defence spouses are often impacted by frequent posting relocations, geographical proximity to workplaces, unemployment or long-term underemployment, and caring responsibilities that are amplified during an ADF member’s absence.

Prince’s Trust Australia programs are designed to help Defence members and their families consider entrepreneurship and small business as an alternative employment pathway.

Prince’s Trust alumni are building businesses in organic skincare, furniture design, life coaching, photography, cybersecurity, e-commerce, tourism and hospitality, property maintenance, property development, real estate, aviation, yoga, nutrition, social enterprise, apparel, fitness, trauma consulting, childcare, publishing, motivational speaking, and veteran support services. To date, we have more than 100 veteran-community businesses currently in operation across Australia.

ENDS

About Prince’s Trust Australia

Prince’s Trust Australia is part of The Prince’s Trust Group, a global network of charities founded by His Royal Highness The Prince of Wales. Prince’s Trust Australia supports the development and delivery of innovative, high impact projects across three focus areas: Young People, Sustainable Communities, and Defence Members & Their Families.  The Prince’s Trust Australia Trust is chaired by The Hon Julie Bishop.

Prince’s Trust Australia is the only national not-for-profit organisation assisting veterans and their families with the confidence, capabilities, and networks they need to safely explore self-employment and engage successfully in the rapidly changing world of work. We have been delivering and designing these programs since 2015, guided by an Advisory Council, chaired by the Governor-General, His Excellency General The Honourable David Hurley AC DSC (Ret’d) and attended by Major General Natasha Fox AM CSC, Head of People Capability at Department of Defence. 

The Prince’s Trust Group also includes work carried out by The Prince’s Trust in New Zealand, Canada, the United Kingdom and a range of other countries through The Prince’s Trust International. This global network provides meaningful support to military veterans and their families, young people, Indigenous communities, and environmental projects.

Visit: www.princes-trust.org.au

Media Enquiries:

For more details, please contact Jasmine Cooper Sutton, Director for Defence Members and Their Families at Prince’s Trust Australia.

Email: media@princes-trust.org.au