Mr. Speaker, I want to thank the member for London North Centre for his hard work and for highlighting the important role social innovation and social finance play in developing innovative solutions for pressing social problems and community needs.
The social innovation and social finance strategy co-creation steering group recommended creating a social finance fund to help accelerate the growth of social enterprise in Canada.
Last week, we committed $755 million for a social finance fund which will help generate up to $2 billion in economic activity and help create and maintain as many as 100,000 jobs over the next decade.