NAFC – Applications Now Open: Investment Readiness Program

The application period for Round 1 of the Investment Readiness Program (IRP) is now open! Find a guide on the application process, and information on eligibility here. If you have any questions that can’t be answered by the information provided, please contact Shady Hafez, NAFC IRP coordinator.

Apply to the Investment Readiness Program by completing the following application. And submitting via e-mail to our IRP coordinator Shady Hafez by May 15, 2020.

If you are eligible (check requirements here), you are invited to join us for a webinar. The webinar will be hosted on April 22 at 2:00 p.m. EST and is an opportunity to ask any questions you may have about the program.

• You can access the webinar through this link: https://zoom.us/j/95796490525
• Dial by location, find your local number: https://zoom.us/u/abm8bEI1Ml
• Meeting ID: 957 9649 0525

Program Overview

The NAFC is one of five Readiness Support Partners mandated by the Government of Canada to deliver funding for the ​IRP. The IRP, through the five funding partners, will distribute $50 million to social purpose organizations (charities, non-profits, social enterprises, for-profits with a social purpose and co-operatives) to help build their capacity to participate in Canada’s growing social finance market. The IRP is also designed to help social purpose organizations (SPOs) prepare for the Government of Canada’s broader investment in ​social finance​ via the ​Social Finance Fund​, a historic new $755 million commitment which was announced in November 2018 and is expected to be launched in 2020.

As a Readiness Support Partner, the NAFC is administering $1.12 million in funding from the Government of Canada that will be made available as non-repayable capital to FCs and PTAs.

NAFC is working closely with the other four national organizations delivering the Government of Canada’s IRP funding. FCs and PTAs may also eligible to receive support from the other funding partners. To learn more about other Readiness Support Partners’ funding programs, criteria, and application periods, please visit their websites:

• Community Foundations of Canada
• Chantier de l’economie sociale
• Canadian Women’s Foundation
• National Aboriginal Capital Corporations Association

NT5