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Community Foundation has $18.5 available through Investment Readiness Program

The Prince George Community Foundation is offering eligible organizations that are working to do good across northern B.C., the Cariboo and Haida Gwaii the opportunity to access up to $100,000 in non-repayable capital through the Investment Readiness Program.

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 Canada to seed and grow social enterprise.

The Investment Readiness Program is open to a diverse range of organizations and businesses including charities, non-profits, co-ops, and for-profit social enterprises. The program can provide $10,000 to $100,000 in non-repayable capital to design, plan, measure, and scale social enterprises in order to get ready to accept investment.

“The PGCF is excited to see the difference the IRP can make in social enterprises across Northern BC. This program will help successful applicants grow their impact even more,” said Mindy Stroet, Director of Development with the Prince George Community Foundation.

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 honored to support social enterprises across Canada in building a better world,” said Andrew Chunilall, CEO of Community Foundations of Canada, a national partner of the Investment Readiness Program.

Applications for the IRP, of which the Prince George Community Foundation is a Regional Partner, should be submitted by February 10, 2020 through the program’s website: https://www.communityfoundations.ca/initiatives/the-investment-readiness-fund/ 

Additional application periods will open later in 2020.

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