Jim Woodhill Incentives for Private Sector Engagement

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  • 1. Partnering with the Private Sector Scaling Inclusive Business Jim Woodhill Principal Sector Specialist Food Security and Rural Development DFAT

2. Overview Why partner with the private sector What is inclusive business How to drive change at scale 3. Abaca Paper Enterprise PhilippinesSC AL E?Cagayan de Oro Handmade Paper 4. PPP Coffee ECOM, Hivos, NLSC AL E? 5. Why Bother with Business? livelihoods pro-poor investment responsible business practices service delivery policy reform 6. Aid in Comparison 7. What is Inclusive Business? An inclusive business seeks to contribute towards poverty alleviation by including lower-income communities within its value chain while not losing sight of the ultimate goal of business, which is to generate profits. The World Business Council for Sustainable Development 8. Inclusive Agri-Food Markets Profit SustainabilityPeoplePlanet Financial Institutions Food and Nutrition Security for 9 BillionGlobal BusinessCommercial RelationsSmall-scale FarmersGovernmentNational BusinessSMEsNGOsResearchEnabling EnvironmentFair Economic Opportunity at Scale 9. What is in it for Business ? Business Interests Securing a stable supply base New market opportunities Responsible reputationCommon Interests Feeding the world Tackling hunger and poverty Peace and security 10. Public Funding as Catalyst? Enabling EnvironmentDirect Investment 11. No Lack of Innovation 12. Scaling Up for Transformation 1. 2. 3. 4. 5. 6. 7.Mindset Public and private goods Entrepreneurial funding New capabilities Platforms for collaboration Transparency and accountability Civil society voice 13. An Approach to Scaling Producers Lead Corporations Consumers 14. Partnerships - Diamonds for Development BusinessResearchGovernmentCivil Society