A by-the-numbers look at social financing and social enterprises in Canada
Posted January 18, 2017 4:00 am.
Last Updated January 18, 2017 5:00 am.
This article is more than 5 years old.
OTTAWA – The federal government is crafting a strategy to help grow social financing initiatives and expand the number of social enterprises, organizations that partner with private investors to deliver a social program like job skills training. Here are a few numbers to keep in mind:
$2.2 billion: Estimated amount available in Canada for so-called impact investing.
60: Percentage of aboriginal people off-reserve who scored in the lowest two categories on an OECD five-point scale for measuring literacy skills.
14: Percentage of workers in Canada who score at the lowest literacy skill levels.
25,000: Estimated number of social enterprises in Canada
150,000: Estimated number of people employed at social enterprises in Quebec
4: Percentage of Quebec’s gross national product attributable to the province’s “social economy”
(Source: Employment and Social Development Canada)