One year into the pandemic, here’s what the social finance world has learned

Author Kylie Adair
Four key lessons from across the social finance ecosystem

Why It Matters

The federal government’s $755 million Social Finance Fund is expected to launch sometime this year, and the need for that capital is high. But design matters — and the government has a chance to implement a year’s worth of accelerated learning on the future of social finance.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"One year into the pandemic, here\u2019s what the social finance world has learned. The federal government\u2019s Investment Readiness Program wasn\u2019t supposed to be a crisis-times social finance tool, but that\u2019s what it became.\u00a0 The government announced the program in 2019 as a way to prepare organizations to take on loans as part of the incoming $755 million federal Social Finance Fund. After two rounds of the program, social finance experts say while many organizations\u2019 readiness might have been boosted, the social finance ecosystem as a whole still needs to change for a post-COVID, rebuilding-oriented, more equitable future.\u00a0 \u201cThe IRP came at a really nice time where they were able to meet people where they were at with som

Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.