'Social finance' - Macleans.ca

‘Social finance’

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Diane Finley is moving forward with the Harper government’s plans for “social finance.”

Ottawa is making a bold push to have business play a bigger role in funding government social programs – asking Canada’s corporate and charities sector to submit ideas that could ultimately form part of the 2013 budget.

In an interview with The Globe and Mail on Thursday, Human Resources Minister Diane Finley said interest in the emerging field of social finance is “very high,” pointing to multimillion-dollar investments from the Royal Bank. “We need to make sure that we’re not only not getting in the way, but we’re helping them advance their efforts to improve the outcomes in things like homelessness and literacy and other community challenges,” Ms. Finley said.

The prepared text of Ms. Finley’s speech is here. The plan is reminiscent of David Cameron’s Big Society, which has been met with mixed reviews. The Star looks at some of the criticisms of Ms. Finley’s plan. The NDP was unimpressed during QP yesterday.