CPD and Open Political Economy Network (OPEN) have released a new report, Seven Steps to SUCCESS: Enabling Refugee Entrepreneurs to Flourish. The report draws on Australian and international best practice to outline policy recommendations to government, business and civil society on how to better support refugee entrepreneurs.
- Despite the huge challenges they face, refugees are the most entrepreneurial migrants in Australia – they and nearly twice as likely to be entrepreneurs as Australian taxpayers as a whole.
- Contrary to popular belief, female refugees are more likely to report income from their own business than men.
- While some promising ventures supporting refugee entrepreneurship exist, these are largely confined to Melbourne and Sydney, and are limited in scale and funding. Australia is only scratching the surface of what refugee entrepreneurs could achieve with appropriate investment and support.
- An ambitious but achievable target of launching 1,000 new refugee-run businesses each year could yield $98 million in annual economic and fiscal gains. Within ten years, the boost to the economy could be nearly $1 billion a year. The social benefits would also be significant.
To read the report, click here