Guy in Field

Investment Readiness Program

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Notice to Social Purpose Organization (SPO) who have applied to IRP program

 
At this time, applications for the first round of funding are going through review and evaluation processes beyond the regional level. Community Foundations of Canada and its Regional Partners are aware that many SPOs are currently focused on bridging through the current health situation, serving clients and managing operational change. We will be moving forward with next steps at the appropriate time as this situation evolves. If you are an IRP applicant, please watch Community Foundation Grey Bruce website www.communityfoundationgreybruce.com for more details as they are released.
 
We recognize that, as a result of COVID-19 and its impacts, SPOs who are successful in this competition and receive IRP funding may need longer timelines and some project flexibility to carry out the work if they wish to proceed.  Community Foundations of Canada and its partners will be able to work with you around this. Discussion around parameters and project management are ongoing. 
 
 
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Community Foundation Grey Bruce in partnership with Georgian College and their Social Enterprise Network of Central Ontario (SENCO) is offering eligible organizations working to do good across Central Ontario the opportunity to access up to $100,000 in non-repayable capital through the Investment Readiness Program (IRP). This is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada that will provide $18.5 million across the country to seed and grow social enterprise.

Through this partnership, funding will be allocated in the form of non-repayable capital to charities, non-profits, co-operatives, social enterprises, and mission-focused for-profits across Central Ontario including the counties of Grey and Bruce, as well as Muskoka, Huntsville, Orillia-Huronia, Simcoe County, Barrie, Dufferin County, Owen Sound, Collingwood, Kincardine, Manitoulin Island, Tobermory, Orangeville, Saugeen First Nation, and Neyaashiinigmiing. The first application period for the program runs from Jan. 8 to Feb. 10, 2020, with the possibility of additional application periods later this year.

The IRP is open to a diverse range of organizations and businesses including charities, non-profits, co-ops and for-profit social enterprises who are helping achieve positive social, cultural or environmental results in the community. The program can provide between $10,000 and $100,000 in non-repayable capital to design, plan, measure, and scale social enterprises in order to get ready to accept future investment. 

 

The Investment Readiness Program will help social enterprises across Canada grow, and build their capacity to accept investment, and participate in Canada’s growing social finance market.

 

“Business isn’t just about the bottom line. It can be a source for good and a catalyst for social and environmental change in communities across Canada. We are honoured to support social enterprises across Canada in building a better world,” says Andrew Chunilall, CEO of Community Foundations of Canada, a national partner in the Investment Readiness Program.

Applications for the IRP, of which Community Foundation Grey Bruce is a regional partner, will open January 8th, 2020, and should be submitted by February 10th, 2020 through the program’s website at irp-ppi.ca. Community Foundation Grey Bruce may open additional application periods in 2020.

 

 
For more information on the Investment Readiness Program,
visit communityfoundations.ca

 

Application for for first cycle of the IRP is closed 

 

 

 

 

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