With respect to the announcement in the 2018 Fall Economic Statement making available up to $755 million on a cash basis over 10 years to establish a Social Finance Fund, and specifically with respect to the reference on Page 167 of Budget 2019, Investing in the Middle Class, regarding Renewable Funds (British Columbia) provides early-stage growth capital to for-profit social enterprises with the potential to create social or environmental change in industries such as clean technology and sustainable agriculture: (a) what is the exact funding amount earmarked for Renewable Funds (British Columbia); (b) what are the definitions of “sustainable agriculture” and “clean technology” with respect to this Fund; (c) how will that funding be allocated between clean technology and sustainable agriculture; (d) who are the “professional investment managers” who will manage the allocated funding; (e) what is the application process for enterprises seeking funding under this Fund; and (f) which government departments or agencies oversee this Fund?
In the House of Commons on May 27th, 2019. See this statement in context.