Investment Readiness Program
“Canada”
$100,000.00
Maximum Eligible Amount
Government Grant
Fund Type
The Investment Readiness Program (IRP) supports social purpose organizations as they contribute to solving pressing social, cultural and environmental challenges across Canada.
Supporting social purpose organizations and enabling their success will be key to Canada’s economic, social, cultural and environmental success today and in the future. In communities across Canada, social purpose organizations’ social enterprises are operating at many different stages of development. Some may be doing incredibly innovative work but may not consider it a social enterprise and/or may not be aware they can access different types of financial support for their work. Some are working with an innovative idea in its early design stage. Others are more developed, and might be looking for resources to scale their work. In short, social purposes organizations across Canada are at widely differing stages of ‘readiness’ to receive investment. One thing is certain: these organizations are key levers in creating more resilient, equitable and sustainable communities of the future.
The Investment Readiness Program aims to address the issue.
In June 2019, the Government of Canada launched the Investment Readiness Program (IRP), a new $50M fund whose aim is to help social purpose organizations’ (charities, non-profits, social enterprises, for-profits with a social purpose and co-operatives) social enterprises build their capacity to participate in Canada’s growing social finance market. The IRP is also designed to help social purpose organizations prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund, a historic new $755M commitment which was announced in November 2018 and is expected to roll out over ten years.
Its goal is to help social purpose organizations build their capacity to participate in Canada’s growing social finance market and prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund.
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