The QBE Foundation has announced a $500,000 seed capital grant to First Australians Capital (FAC) to help support Indigenous-owned businesses.  

The grant will primarily focus on funding start-ups and businesses in their early stages, as it aims to address historical and systemic barriers faced by Indigenous groups.  

It will also contribute to FAC’s investment capacity-building program, which offers to enhance selected businesses’ resilience and sustainability for future growth.   

QBE Global Foundation Chair and Group Executive Corporate Affairs and Sustainability Viv Bower says the company is proud to support Indigenous entrepreneurship.  

“The QBE Foundation is committed to creating strong, resilient and inclusive communities and we are pleased to support First Australians Capital as they work to contribute to the long-term sustainability and growth of Indigenous businesses and fill a critical financing gap,” Ms Bower said.   

“This also supports our commitment to our Reconciliation Action Plan as we continue our journey of creating meaningful relationships and promoting sustainable opportunities with Aboriginal and Torres Strait Islander communities and organisations.”  

FAC Managing Partner Brian Wyborn welcomed QBE’s grant and ongoing commitment to Indigenous communities, saying that “significant social change occurs when we all work together”.