{"id":238023,"date":"2017-10-16T14:50:00","date_gmt":"2017-10-16T18:50:00","guid":{"rendered":"https:\/\/canada.coop\/the-canadian-co-operative-investment-fund-reaches-investment-goal-2\/"},"modified":"2022-09-08T11:25:26","modified_gmt":"2022-09-08T15:25:26","slug":"the-canadian-co-operative-investment-fund-reaches-investment-goal-2","status":"publish","type":"post","link":"https:\/\/canada.coop\/en\/the-canadian-co-operative-investment-fund-reaches-investment-goal-2\/","title":{"rendered":"The Canadian Co-operative Investment Fund Reaches Investment Goal"},"content":{"rendered":"

For Immediate Release<\/p>\n

 <\/p>\n

OTTAWA October 16, 2017 \u2013 Canadian co-operatives and mutuals have committed $25 Million to establish the Canadian Co-operative Investment Fund (CCIF).  The CCIF will provide financing for new and expanding Canadian co-operatives in Canada. The $25 million in committed investment to date is the threshold agreed by partners as the start-up capital required for a self-sustaining fund.<\/p>\n

\u201cThe Canadian Co-operative Investment Fund demonstrates the willingness of our sector to invest in the future of Canadian Co-operatives,\u201d says Andy Morrison, Chair of the Board of Directors of CCIF and former Chief Executive Officer of Arctic Co-operatives Limited and the Arctic Co\u2011operative Development Fund. \u201cThere is a critical need for investment vehicles that understand the needs specific to co\u2011operatives. CCIF has been designed by co-operatives to invest in co\u2011operatives.\u201d<\/p>\n

The following organizations from across Canada have agreed in principle to invest in the CCIF:<\/p>\n\n\n\n
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  • The Co-operators<\/li>\n
  • Desjardins Group<\/li>\n
  • Affinity Credit Union<\/li>\n
  • L\u2019Alliance des caisses populaires de l\u2019Ontario<\/li>\n
  • Vancity<\/li>\n
  • Concentra Bank<\/li>\n
  • Arctic Co-operatives Ltd.<\/li>\n<\/ul>\n<\/td>\n
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