Thrive Impact Fund expands to invest in social enterprise throughout BC and the BC Interior
Social enterprises across BC and the BC Interior now have a fund that specifically supports their needs for patient, impact aligned investment capital. Thrive Impact Fund is a community-based loan fund investing in social and environmental organizations, projects and entrepreneurs that face barriers to accessing financing. Since launching in September 2021, TIF has made investments in non-profits and social enterprises in Victoria, Salt Spring Island, Comox Valley, and the Lower Mainland. Through a new partnership with Purppl, the fund expands across BC and the BC Interior.
“Organizations addressing our most pressing challenges have difficulty finding capital to develop and deepen their impact. TIF helps to close a capital gap for non-profits, social enterprise, and social impact businesses. Purppl is humbled to work alongside Scale Collaborative to expand TIF and invest throughout BC and the BC Interior,” said Andrew Greer, Managing Director at Purppl. “We aim to be strong allies in building a sustainable, regenerative, and just economy and contribute to a future defined by collective wellbeing, equity, and the health of the air, land, and water.”
This expansion is a collaborative effort made possible with significant trust and leadership from our longtime partners Interior Savings as well as Vancity and the Real Estate Foundation of BC. A big shoutout also goes to Community Futures Central Okanagan for their enabling role in making this happen. TIF continues to seek additional investment partners. Read the release and quotes here.