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We have set up a Community Investment Cooperative here on Vancouver Island to provide a vehicle for local people to invest in community impact on social, economic and environmental conditions in their own backyards. We will be investing in affordable rental housing, renewable energy, waste recovery and recycling, and sustainable community economic development. We now have a Coalition of community investment funds across BC to strengthen this work, inspired by initiatives like community economic development investment funds in Nova Scotia. There are big challenges for this kind of work so that the Federal Social Finance and Social Innovation initiative can help address. We need: Matching capital from the federal government; tax incentives and enabling regulations to get over the hurdles that Securities Commissions place in our way.
Consultation has concluded