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Community Foundations throughout the Okanagan are offering eligible social enterprises that are working to do good in our communities the opportunity to access funding through the Investment Readiness Program (IRP). This is part of a $50 million national initiative, which is being delivered by Community Foundations of Canada and other support partners and is being funded by the Government of Canada to support and expand social enterprises from coast to coast to coast.
The Investment Readiness Program is open to a diverse range of organizations and businesses including charities, non-profits, co-ops and social enterprises. The program can provide $10,000 to $75,000 to create, manage, and expand social enterprises in order to get ready to accept investment.
“There are so many inspiring community leaders looking to make a difference in new and innovative ways,” says Leanne Hammond, of the Community Foundation North Okanagan. “We are looking forward to seeing the IRP help successful applicants grow their impact even more.”
The IRP will help social enterprises across Canada grow, and build their capacity to accept investors, and participate in Canada’s growing social finance market.
“Social enterprise teams from coast to coast to coast are demonstrating how business can be done differently. They are daring to rethink business models to create a more sustainable, equitable and inclusive future. Community Foundations of Canada is in awe of the innovative projects we are funding. We look forward to seeing the positive impacts of this next round of projects through the IRP,” says Andrea Dicks, President of Community Foundations of Canada, a national partner in the Investment Readiness Program.
“The chance to partner together on an initiative that has the potential to make such a major impact is incredibly appealing,” explains Judy Neiser, of the Central Okanagan Foundation. All three community foundations in the Okanagan have joined forces to lead this program for the entire southern BC region.
As Aaron McRann of the Community Foundation of the South Okanagan Similkameen summed up, “Whether an organization is a charity, a non-profit, a co-op, or a social purpose business – if its mission is connected to making positive change on social, cultural, or environmental challenges – this program is helping us fund solutions.”