Social Finance in Canada 2013


In 2010-11, The Public Policy Forum conducted a series of consultations and research that resulted in two publications: Expanding Social Finance in Canada and Supporting Social Finance Fund Development in Canada. These reports outlined the social finance infrastructure in Canada, identified barriers and provided options for the Government of Canada to advance the field of social finance. In 2013, the Forum consulted experts in an effort to get a sense of the current state of play in the field. Consultations unveiled that there has been a significant increase in knowledge and interest in social finance over the past several years. New funds have been established and new investors are entering the market. Despite these changes, growth in money invested in social finance has been relatively slow. However, several barriers remain including limited deal flow, high costs and regulatory barriers in fund registration, foundation investment restrictions, and restrictions on charities and nonprofits that deter them from seeking investment.