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Decentralized Democracy

House Hansard - 84

44th Parl. 1st Sess.
June 8, 2022 02:00PM
Context: House Hansard - 84 - Jun/8/22
Mr. Ryan Turnbull (Whitby, Lib.)
  • Jun/8/22 3:16:26 p.m.
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Mr. Speaker, as someone who spent years working with social purpose organizations, I have seen first-hand how social innovation and social finance are catalysts for positive change. Big challenges like climate change, energy security, poverty, systemic racism, food insecurity, housing affordability, reconciliation and more can all be addressed by harnessing the ingenuity of our social innovators and our social entrepreneurs. That is why I am proud of the work that our government is doing to implement Canada's first social innovation and social finance strategy, which will drive economic growth, build more inclusive communities and help transition to a low-carbon economy. Can the minister update the House on the progress our government is making on building a stronger social innovation and social finance ecosystem? Some hon. members: Oh, oh!
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Context: House Hansard - 84 - Jun/8/22
Hon. Karina Gould (Minister of Families, Children and Social Development, Lib.)
  • Jun/8/22 3:18:06 p.m.
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Mr. Speaker, let me start by thanking the member for Whitby, who is the hardest-working member in this House when it comes to social finance. Social purpose organizations like charities and non-profits play a key role in addressing complex social and environmental issues. They are more important than ever, as many of these issues have been exacerbated by the COVID-19 pandemic. That is why we launched the renewed investment readiness program in the summer of 2021, which will provide another $50 million to continue to support social purpose organizations in building capacity and increasing their investment readiness. This will also help the social purpose organizations take advantage of the $755-million social finance fund. I thank the member for Whitby for his excellent work.
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