The Prince George Community Foundation is offering eligible social purpose organizations working in northern B.C. the opportunity to access from $10,000 to $100,000 (with the average from round one being $20,000 in the region) in non-repayable capital through the Investment Readiness Program (IRP). Applications are open now and will close on October 9.
Social enterprise is creating meaningful jobs, advancing new revenue possibilities, and addressing social challenges to build back better after COVID-19. Social purpose organizations will be better prepared to receive investment, including through the Government of Canada’s Social Finance Fund.
“We’re thrilled to announce the second round of IRP funding for northern B.C. which started on September 8. It’s another opportunity for local organizations to play an active role in rebuilding more resilient and inclusive communities as we look towards pandemic recovery,” said Mindy Stroet, Director of Development with the Prince George Community Foundation.
IRP non-repayable capital is already being accessed by social purpose organizations taking steps towards being investment ready. IRP is funding services such as business and strategic planning, marketing services, financial and tax services, legal and risk management services and market research. By accessing these services, social purpose organizations are increasing their own capacity and preparing for the growth investment would provide.
“As Canada prepares for pandemic recovery, we don’t want to go back to the status quo. A social finance sector that is ready for investment can grow and play a stronger role in building more resilient and sustainable communities, where economic opportunities are fair and the benefits of wealth are shared,” said Andrew Chunilall, CEO of Community Foundations of Canada, a national partner in the Investment Readiness Program.
More information about eligibility can be found at https://www.pgcf.ca/grants/investment-readiness-program