Social innovation is a new solution to a social or economic problem which gives better results than traditional approaches. It can improve people’s quality of life through collaborating with new partners, testing creative ideas and measuring their impact. Social finance is a tool that seeks to mobilize private capital for the public good.

In late 2015, when Prime Minister Trudeau released his ministerial mandate letters, an important commitment was included to develop a national strategy on social innovation and social finance. 

The Government of Canada is moving forward in the development of a Social Innovation and Social Finance Strategy to support communities in addressing their most difficult problems and help more people, especially those most vulnerable contribute to and share in the prosperity of their community and society.

A quartet of Atlantic Canada Liberal MPs are calling on their own government to sharply ramp up financial support for economic growth in the region even though the four Atlantic provinces already get more federal funding for economic development than Quebec, Ontario, or Western Canada.

Good Jobs + Good Business = Better Community