Public Safety committee  I would make a couple of points on that. When you look at certain mechanisms in social finance, and the type of structures you might be looking to consider, what you're trying to do is to see what they are complementing or replacing. A social finance mechanism like a SIB is not a replacement for another investment opportunity.

Public Safety committee  Yes, there's definitely a market for the service we offer.

Public Safety committee  Purpose Capital itself has been around for about four years, but I've been working in this space for about a decade now.

Public Safety committee  Yes, that is our role.

Public Safety committee  I see it aligned in maybe a bit of a nuanced way. In a lot of ways, crime is an effect of elements in society that are missing, right? Whether it's youth without opportunities for employment or youth without opportunities for education, they resort to a certain behaviour because they don't have the means.

Public Safety committee  We act as an intermediary in the system. The way our business works is that we work with asset owners and asset managers. We help them to think about how they can engage in the impact investment ecosystem, and then we possibly help them to structure how that capital can be moved.

Public Safety committee  Excellent. Thank you very much, Mr. Chair, and thank you to the committee for inviting me to speak on this very important topic. You've heard from Bill Young, albeit briefly. He's one of the gurus, one of the leaders, of social finance in Canada. I will not attempt to replace what he has to say or to offer, but what I can do is try to focus my remarks more succinctly on the applicability of social finance to crime prevention, or the how-tos.