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Decentralized Democracy

House Hansard - 202

44th Parl. 1st Sess.
May 30, 2023 10:00AM
Context: House Hansard - 202 - May/30/23
Mr. Ryan Turnbull (Whitby, Lib.)
  • May/30/23 2:17:32 p.m.
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Mr. Speaker, I am thrilled to rise in the House today to share some big news for Canada. Yesterday was a watershed moment for social innovation and social finance in Canada. I was happy to join the Minister of Families, Children and Social Development to announce the launch of Canada's social finance fund. Social entrepreneurs, social innovators and social purpose organizations that are helping Canada tackle our toughest and most persistent challenges should know that we recognize their unique contributions and are investing in their success. This fund was seeded with a historic federal government investment of $755 million, and it will be leveraged in equal part with private and philanthropic capital to support our social innovators and social entrepreneurs right across Canada. For many years, access to capital has been limited for the entrepreneurs and innovators who are doing things differently and putting people and the planet first. We are changing all that. The social finance fund is about turning big, homegrown, innovative ideas into a reality and realizing their full—
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