The Ian Potter Foundation is delighted to announce a Commemorative Grant of $500,000 to STREAT to help build a youth training academy at its new Cromwell Manor facility in Collingwood.
A social enterprise that provides homeless and at-risk youth aged 16-25 with a supported pathway to careers in the hospitality industry and independent living, STREAT has been operating since 2009. So far the program has helped over 180 young people to exit the cycle of homelessness through training in its four cafés and catering business.
The Cromwell Manor facility will allow STREAT to achieve four key outcomes:
- Triple the number of youth they can train and support each year (from 80 to over 250)
- Increase STREAT's preventative work with youth at high risk of homelessness
- Scale STREAT's business model in Melbourne to reach complete sustainability in 2017
- Generate critical knowledge assisting STREAT and other social enterprises to make greater impact.
STREAT has been gifted the use of Cromwell Manor, a historic Collingwood property, for 50 years at peppercorn rent by philanthropist Geoff Harris. Renovations to this site, costing around $3.5 million, will allow STREAT to expand its operations by housing a café, a bakery, a training kitchen, a coffee roastery and its head office facilities.
Chief Executive Officer of The Ian Potter Foundation, Janet Hirst said, ”STREAT is a powerful illustration of how a smart organisation with already proven outcomes can leverage broad support. Cromwell Manor is a pivotal opportunity for this young organisation, that will allow its management team to scale-up their model, increase efficiency and ultimately, become self-sufficient.”