EXPLORING THE POTENTIAL OF SOCIAL FINANCE IN CANADA Report of the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities Phil McColeman Chair JUNE 2015 41st PARLIAMENT, SECOND SESSION Published under the authority of the Speaker of the House of Commons SPEAKER’S PERMISSION Reproduction of the proceedings of the House of Commons and its Com [...] In particular, witnesses raised issues and made recommendations regarding the current regulatory environment, the development of tools to measure the effectiveness of social finance initiatives, capacity building and training of stakeholders in this new market, and other financial and non-financial measures the federal government could implement to support the social finance market in Canada. [...] The final report of Canada’s National Advisory Board to the Social Impact Investment Taskforce was released in September 2014.5 As Kieron Boyle of the U. K. Government noted, the concept of social finance is necessarily broad because of the range of stakeholders and perspectives that are engaged:. [...] These include organizations that work with investors and assist in generating capital for social finance, work to improve the capacity of demand-side actors to participate in the social finance market, and generate research and data to support the measurement and evaluation of social finance initiatives. [...] Tim Jackson of the MaRS Discovery District, a registered charity that works to promote social finance in both the demand and supply sides of the market, also described the potential of social finance to introduce new funds to address important social issues: 9 Ibid., 1530.