The Government of Canada is Taking Action to Address Local Challenges

November 9, 2012

On behalf of the Honourable Diane Finley Minister of Human Resources and Skills Development, Prince Albert MP Randy Hoback today announced that the Harper Government is taking action to find new initiatives to shape social policy in Canada.

“Our government wants to empower individuals and communities and we are committed to working with our partners to address the social challenges faced by many Canadians,” said MP Hoback “To do so, we have to broaden our horizons and think outside the box to leverage new avenues for solutions.”

Social finance is about mobilizing private capital to achieve social goals, creating opportunities for investors to finance projects that benefit Canadians and realize financial gains. As announced in Economic Action Plan 2012, the Government has been exploring social finance, with the goal of eventually testing new methods of addressing existing social and economic challenges in Canada.

 The Government will partner with organizations, businesses, and not-for-profit organizations to build further momentum in Canada around social innovation and social finance tools. Interested organizations are invited to submit their innovative ideas to help shape future social policy in Canada. Ideas will be accepted until December 31, 2012. Those interested in participating should visit: hrsdc.gc.ca/socialfinance.

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