Canada’s Social Finance Fund: What Now?
Scheduled for this year is a major turning point for Canada’s social finance market — the launch of the Social Finance Fund.
Two years ago, the Government of Canada announced the fund, $755 million over 10 years, meant to power innovative approaches to our country’s persistent and complex social challenges. Social purpose organizations will apply for funding, which will be matched by non-government investors seeking to support innovative projects — this could generate up to $2 billion in economic activity, and help create as many as 100,000 jobs over the next decade, according to the Social Finance Fund.
Enter: a global pandemic, and a moment of introspection, responsibility, and opportunity for the Social Finance Fund.
What should the new purpose of the fund be? How
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