Update

COVID Spending & Social Procurement

Nov 24th, 2020

The government has had to spend into incredible debt amounts to respond to the crisis. A question on many people’s mind is “how will we recover from the debt and build back our economy?” 

Through Social Procurement, we can shift our spending to provide the best value for governments and communities and start building back a better economy. 

Governments can purchase needed goods, services, and construction while simultaneously investing in local businesses, diverse owned businesses and support social enterprises.

“The concept of social procurement is to leverage a social value from existing purchasing, not spend more, but add value to current spending.”

David LePage

In a time when governments need to get the greatest impact from the limited dollars they have to spend… and entering a period of restraint and accountability, the responsible thing to do is accelerate and amplify social procurement.

Video on Covid Spending > https://www.youtube.com/watch?v=Zd2A-dA_TrI

Related Updates

October 2023 Newsletter

Our October newsletter includes new social enterprise research, Marketplace Impact event recap, upcoming events and training, and more updates from the social procurement and social enterprise ecosystem. Read the newsletter […]

Is the Social Finance Fund the inclusive solution?

The recently announced Social Finance Fund (SFF) is intended to meet a critical gap in access to finance for social purpose organizations. “The SFF will support charities, non-profits, social enterprises, […]

New social enterprise research: $4 billion in annual revenue plus stories of impact prove social enterprise is an economic force for good

Social enterprises across Canada tackle complex social challenges while operating successful businesses and reinvesting profits into community, a new report from Buy Social Canada shows. Vancouver, September 19, 2023 – […]