The government’s landmark Social Finance Fund was set to launch this year, claimed to generate up to $2 billion in economic activity and create 100,000 jobs. But where do those plans stand in the midst of 2020’s extreme events, and what role could it play in rebuilding communities after COVID-19? In the first article in a new special report, Future of Good examines what the fund means for Canada’s social finance market, and for societal recovery.
The social impact sector is calling for the Social Finance Fund to pivot in four big ways for pandemic recovery
Local economies are devastated in the wake of COVID-19. Social purpose organizations are struggling. Already marginalized populations have been disproportionately impacted. The $755-million Social Finance Fund was announced years before any of this happened, but now it has the potential to support Canada’s much-needed recovery.