We Need A Social Finance Fund That is Future-Proof
Why It Matters
The upcoming Social Finance Fund is the single biggest commitment to social finance ever in Canada. This change isn't happening in a bubble, though โ the finance industry and system itself is rapidly changing, and in order for this fund to be effective a decade from now, it needs to mesh with whatโs emerging in the finance industry today.
Canada is making waves around the world with the recent Government of Canadaโs $755 million over 10-years announcement of a Social Finance Fund. Itโs a huge win for Canadaโs ecosystem that has largely remained under the radar โ but how do you keep the fund relevant in a fast-changing finance industry?
The Backdrop
The Social Innovation and Social Finance Strategy Co-creation Steering Group set up by the Government of Canada, comprising 16 leaders, recently delivered its recommendations.
One of them is the establishment of a Social Finance Fund โto accelerate the developmen
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