Financial mechanisms for innovative social and solidarity economy ecosystems : The case of Quebec
Abstract
This case study examines the financial mechanisms that support the social economy in Quebec, Canada. Quebec’s innovative social economy ecosystem is rooted in strong associative and cooperative traditions, well developed networks, and strong partnerships between the social economy and government. Among the key themes that emerged were the value of a large range of financial mechanisms available to meet the needs of SSE enterprises at different stages of development, and in particular, the development of ‘patient capital’ which has facilitated broader investment in collectively owned enterprises that operate for social and community benefit. In responding to COVID-19, the provincial government and other financial institutions have instituted relief efforts to support the SSE, and the SSE will form an important component of recovery efforts in terms of providing key services, helping integrate people into the workforce and facilitating the transition towards a more sustainable and socially responsible economy in the province.
Info
Report, 2021
UN SDG Classification
DK Main Research Area
Social Science
