The federal government says its plan is to catalyze $2 in private social investment for every $1 spent throughout the $755 million Social Finance Fund’s administration. That’s a huge amount of money for social purpose intermediaries.
How an $18.6 million dollar fund helps community organizations beat speculators and own their own spaces
The real estate crisis is forcing community organizations to devote more and more of their funding to rent at a time when demand for their services is growing. Moving isn’t an option for community-based organizations who need to be where their clientele is, but innovative social finance could provide solutions.
Canada’s small-scale farmers and food producers face a myriad of challenges, including access to capital. Could community investment funds provide a solution, while also building resilient food systems and healthy people?
Non-profits and co-operatives could be leveraging community bonds and preferred shares to raise capital, but many don’t. A new pilot program in Quebec hopes to change that by matching every dollar invested.