The Chantier de l'économie sociale was established in Quebec in 1998 to promote and develop collective enterprises, local organizations, and social movements. It represents networks of social enterprises and organizations involved in economic and social development. The Quebec government recognizes it as a participant in economic and social progress. It has helped establish new financial tools, enterprise models, and networks to support the social economy through organizations like the Réseau d'investissement social du Québec and the Fiducie de Chantier de l'économie sociale, which provide financing, technical support, and patient capital. It continues working to address challenges like access to capital, commercialization strategies, and developing an appropriate balance

1. 1
The Quebec social economy
experience

2. 2
 Chantier de l’économie sociale: networks of collective
enterprises, local and regional development
organisations and social movements to promote and
develop the social economy
 Recognition by Quebec government as a participant in
economic and social development
Le Chantier de l’économie sociale

3. 3
 Started as a work group out of the 1996 summit on
employment and economy
 Stakeholders in the social economy then decided in
1998 to make permanent the work group in charge of
promoting and developing collective entrepreneurship
 Chantier de l’économie sociale became an
independent corporation
Le Chantier de l’économie sociale

4. 4
 A general assembly and
 A board of directors of 32 members representing the
various stakeholders in the social economy.
Le Chantier de l’économie sociale

5. 5
 Board of director:
 8 Networks of social entreprises
 6 Network for territorial developpement
 5 regional hub
 6 social mouvements (2 unions, women, et autres)
 1 First nation
 2 individual (research etc.)
 4 non-voting (RISQ, Fiducie, CSMO-ÉSAC, Youth
comitee)
Le Chantier de l’économie sociale

6. 6
 New financial tools
 New enterprise models
 New institutions and networks emerge
New financial tools

7. 7
 Many institutional barriers
 Acces to capital
 Undestanding of social economy
 Commercialization strategies
 Image of the social economy
 Work on social financing and social indicators
Challenges

8. 8
Réseau d’investissement social du Québec:
A 12M$ fund
Contribution from:
 Québec governement
 Private entrprises:
 Alcan
 Groupe Jean-Coutu
 Imasco
 Caisse Desjardins
 Banque Nationale, de Montréal et Royal
A first answer

9. 9
Réseau d’investissement social du Québec:
• Technical assistance and capitalization components
 484 projects
 $11 million investment
 Creation and maintenance of more than 6,000 jobs
 Recreation and tourism, services, recovery-recycling,
solidarity commerce, culture, etc.
A quick snapshot

10. 10
 Needs for patient capital as equity
 Size of projects ever growing
 Products that complement grants and loans
Rates that take their social mission into account
Capital that remains in the business
 Private and institutional investors
An appropriate balance between risk and
performance
A vehicle to receive their investment
New Challenges

11. 11
CES Trust
Contribution from:
 Development Agency of Canada for the Regions of
Quebec : 22.8 M$
 Fonds de solidarité FTQ: 12,0 M$
 Fondaction CSN: 8,0 M$
 Québec governement: 10,0 M$
Total : 52,8 M$
Fiducie de Chantier de l’économie sociale

12. 12
Operations Patient Capital
Real Estate Patient Capital:
Fiducie de Chantier de l’économie sociale

13. 13
29M$ invested in 119 projects
32% in operating patient capital
39% Real estate patient capital
29% mix of both
Fiducie de Chantier de l’économie sociale

14. 14
 Need for community Housing
 Response against « social bonds »
 Response to the diminution of gouvernement
program
 Beeing a actor in financing
Housing Challenges

15. 15
With the actors of community Housing
In adition to governement program
Projet pilote de 1 200 unités sur 3 ans:
 2013: 200 unités
 2014: 500 unités
 2015: 500 unités
31,5M$
A limited partnership fund

16. 16