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Malcolm Garrow

At the end of 2023 Malcolm retired (or as he calls it “rebalanced”) after 37 years of paid work. With a degree in Chemical Engineering from the University of Melbourne and a MBA from the London Business School, during Malcolm’s for-profit sector career he was a partner at Strategy& (formerly known as Booz & Company and now part of PwC) where he worked across a range of industries including energy, utilities and banking on business strategy, organisational transformation and performance improvement projects. He also spent 20 years working in strategy, operational and procurement roles for multinational energy companies, including 10 years overseas in Singapore, the UK and the USA. Then in 2016 he decided to align his “head and heart” and made the move to the for-purpose sector joining Social Ventures Australia (SVA) where he was a Director and Executive Director of their Consulting business and gained experience supporting for-purpose clients in a range of sectors including Employment, Housing, Disability, Alcohol & Drugs and First Nations. It was while working at SVA that Malcolm first met Jaison and the team from Good Cycles. Malcolm passionately believes that organisations such as Good Cycles play a critical role in supporting people to break the cycle of disadvantage by providing a pathway into secure, rewarding employment. Consequently he is excited about the opportunity to support them to grow and increase their impact.

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Ministerial Launch of The Purpose Precinct

We were honoured to have Minister for Employment Vicki Ward officially launch the expansion of The Purpose Precinct, almost a year after its String Bean alley launch.

Australia’s first dedicated social enterprise precinct has been officially opened at the iconic Queen Victoria Market (QVM) – giving Victorians a fresh opportunity to shop local ahead of the festive season. Minister for Employment Vicki Ward has today opened the expansion of Purpose Precinct – a new shopping destination featuring 100 local social enterprises selling homewares, clothing, food and gifts.

Co-developed by leading Victorian social enterprises Good Cycles and STREAT and supported by the Social Enterprise Network of Victoria – the precinct recently moved from its temporary home in Stringbean Alley to multiple spaces within the F Shed Laneway, at QVM.

The socially-conscious shopping destination will bring more visitors to the market and create 75 local jobs – including for Victorians that have faced challenges finding a job.

As the festive season approaches Purpose Precinct will give shoppers an option to buy gifts from socially-conscious and purpose-led businesses like Clothing The Gaps, Homie, Mildura Chocolate Company, Green Collect, Free to Feed and more.

Social enterprises are defined as businesses that channel at least 50% of their profits into achieving their mission – whether that’s tackling social problems, improving communities, providing people with access to employment and training, or helping the environment.

 

Good Cycles is responsible for employing Purpose Precinct’s retail staff with a focus on helping young people break through barriers to employment via its Youth Employment Program. As our CEO Jaison Hoenel describes it as, “a registered charity all our profits are directed towards impact, but as a social enterprise and through the Purpose Precinct we can demonstrate how to create meaningful jobs and a safe space for their employees.”

And staff members like Vaughn would agree, he loves how social enterprises are “focused on the human side of business.” Vaughn simply loves having conversations with shoppers and sharing the stories that shape the range of impact driven products on sale.

“Using a work-first approach, Good Cycles creates value out of safety for its young employees"
Jaison
Good Cycles CEO

The Purpose Precinct has a strong focus on impact and sustainability with many products made from recycled or repurposed goods and materials. The Precinct is funded through the Labor Government’s nation-leading Social Enterprise Strategy 2021-25 and the Melbourne City Revitalisation Fund.

There are currently more than 3,500 social enterprises trading across metropolitan Melbourne and regional Victoria, which employ an estimated 60,000 people and contribute $5.2 billion annually to the Victorian economy.

Take part in the conversation and learn about the future of retail. 

Visit the Purpose Precinct at F Shed in Queen Victoria Market.

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Tim Maher

Tim currently is the Head of Operations for Australia and New Zealand, and Head of Environment Health and Safety for Australia, New Zealand and South East Asia for Wabtec Corporation.  Tim brings over 20 years experience in corporate and operational risk management, corporate governance and environment, health and safety.  Prior to Wabtec, Tim held Executive roles working for Rail and Transport Operators with responsibilities throughout Australia and Internationally.

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Lucinda Makrakis

Lucinda Makrakis is a highly experienced risk specialist with over 28 years lending experience across numerous industry categories with a more recent focus on property transactions. She has a strong proficiency in overseeing existing portfolios and managing shifting risk profiles.

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Darrell Wade

Darrell is the Co-founder and Chairman of Intrepid Travel, the world’s largest adventure travel company and a certified B Corp. A highly regarded entrepreneur and sustainability advocate, Darrell and his Co-founder Geoff (‘Manch’) Manchester created Intrepid in the late 1980s as a new way for people to explore the world that was immersive, sustainable and affordable.

Darrell has been an advocate on climate change for more than 15 years. He was one of the first Australians to complete Al Gore’s Climate Reality Project training and is vice chair of the Executive Committee of the World Travel and Tourism Council where he leads the development of its sustainability agenda.

Darrell is part of the advisory group for Travalyst, a global partnership founded by The Duke of Sussex, and is the director of two philanthropic foundations. He is chairman of both The Intrepid Foundation and Melbourne-based social enterprise Good Cycles.

Beyond travel, Darrell is a respected leader in the entrepreneurial sector and is actively involved with a number of start-ups, accelerators and university programs.