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Wednesday, October 26, 2016
Charity links with business to fight poverty
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¬†The Christian human rights charity, Jubilee Action has launched a new initiative designed to create Business Partnerships to combat endemic poverty and bring social transformation. The launch was held at the institute of Directors at Pall Mall and was supported by business and church leaders including Roger Forster, Joel Edwards and Lynn Green. A Business Partnership Fund has been established by Jubilee Action, overseen by Jubilee Action's new chairman, a leading bio-tech entrepreneur, Dr Kim Tan. The concept is to provide philanthropic venture capital to be able to establish significant commercial businesses in some of the poorest areas of the world. The investment criteria for establishing the businesses will not simply be profit but the capacity to regenerate poor communities by providing skilled employment to break the legacy of inherited poverty. The Kuzuko Game Reserve is Jubilee Action's first such project which has been started in South Africa's poorest province, The Eastern Cape. Through the support of a significant investor and working with the South African National Parks Board, Jubilee Action has purchased 39,000 acres of land. This will be transformed into a malaria-free safari park with the full range of Africa's wild-life on view. It is an area of up to 90% unemployment and the Kuzuko Game Reserve aims to generate up to 100 jobs. Jubilee Action's Chairman, Dr Kim Tan said: "We are excited to be able to re-think the strategic methods by which we can empower people trapped by poverty to increase their own life chances and those of the next generation. The Kuzuko Game Reserve has already created employment and provided secure housing by investing in the economy and giving people an opportunity to unlock their own potential. I hope our action will serve as model that others will follow to re-dress the chronic imbalance of wealth and poverty in our world." Jubilee Action intends that each primary investment will be at least £100,000, but that funds will also be made available to support other secondary or offshoot businesses, which will also create jobs in related sectors. An advisory board, with international business experience will oversee the Business Partnership Fund. Jubilee Action hopes to raise around £10 million from donors who are interested in being able to evaluate the difference their charitable giving is making. Jubilee Action are working with the PR company, College Hill who have offered their services for free to raise awareness of this initiative.
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