Today, Marc G. Serré, Parliamentary Secretary to the Minister of Official Languages and Member of Parliament for Nickel Belt, shared the launch of the $755 million Social Finance Fund, which is a groundbreaking, 16-year initiative aimed at advancing the growth of the social finance market in Canada.

Through this initiative, three fund managers will receive $400 million over the next five years to invest, and they are expected to leverage up to another $800 million in private investment to foster the market's growth and long-term sustainability.

Fund managers will allocate a minimum of 35% of their investments to initiatives promoting greater social equity, including a minimum of 15% to initiatives promoting greater gender equality.

By increasing the accessibility and flexibility of financing opportunities in the social finance market, the Social Finance Fund will help social purpose organizations grow, launch new programs, and serve the critical needs of diverse communities in Canada.

Interested applicants should contact the respective fund managers to apply. Learn more here.